Gland Pharma breaks out from the consolidation range; is it time to buy?

“For the last six to seven weeks, Gland Pharma stock has witnessed a series of consolidations as prices fluctuated in the range of 1700-1850 levels. It broke out from the said range last week. Traders can buy for a target of Rs 2175-2200 in the next 5-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.