Gland Pharma | Gap resistance | Latest stock market news
(3 minutes read)

Stock name: Gland Pharma

Pattern: Gap resistance

Time frame: Daily

Observation:

The stock had recently plunged by giving big gap downs on the back of huge volumes.

As per technical analysis, in case of a big gap down, the upper side of the gap acts as a resistance and if the same is broken, it indicates strength on the upside.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) India’s oilseed exports may grow by 10-15% this fiscal - Zee business

2) Shares of Shree Cement tanked over 10% today amid media reports that the company has been found to have allegedly evaded Rs. 23,000 crores in taxes. The IT department had last week initiated survey at five locations of the cement manufacturer.

3) Infosys collaborates with Danske Bank for digital transformation, with an agreement valued at $454 million for a 5-year term, including the purchase of Danske Bank's IT centre in India.