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Saturday, May 03, 2014

Glaxo Smithkline Pharma (Rs.2449)


An open offer resulted in wild upswing that led the stock to its peak @ Rs.3049.
Since then, the stock has been trending down. The downtrend seems to have been temporarily arrested at Rs.2412.  It would be interesting to keep your eyes on this stock.

If the support holds, the stock would resume its long term uptrend.


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