Glenmark Pharma >> Ready to Swing>>> Long & short Trade
Hello and welcome to this analysis Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD. The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374....
Glenmark possible up move broke up and retested the upper line of down trend
1. Its forming a inverted head and shoulder , chances of stock moving up is higher Invest as per levels ============== LIKE IF YOU AGREE ==============
1. At crucial support Zone 2. Current price less than intrinsic value 3. Volumetric profile average is 485 and trading near that level 4. Dividend yield of 5%
Glenmark Pharmaceuticals is looking very bullish prior to its earnings. Daily RSI has formed a huge inverted H&S with a breakout. Down trendline broken Price has crossed above 20 and 40 SMA on the daily chart Three inside up candle pattern formation on the weekly chart
Glenmark breaking out of very strong resistance of 516 & trying to sustain above it. Buy @ cmp 516.75 with sloss of 505 & tgt of 550
Formed double bottom & now facing resistance at 719 levels.
Glenmark is hovering near previous support level and RSIDIV-I showing clear divergence. CMP- 523 SL-517 Target- 535
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed near below support zone, 200 EMA & the lower trendline. The target is placed based on fundamentals.
Glenmark Pharma is weak structure on higher time frames.. 659-660 levels very crucial to conquer for any bull run further... Levels plotted..... Enjoy.. Please do Like... Share and Follow....
glenmark heading for monthly trend change above 700-720 zones
Dear trader, If u look at the chart of GLENMARK (analysis based intraday only) the GLENMARK Buy at 583 and Target at 595 Best Buy at 578. Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade. Best Buy level might be executed or might not be executed. The chart clearly indicates Bullish Trend you can...
Dear trader, If u look at the chart of GLENMARK (analysis based intraday only) the GLENMARK Buy at 536 and Target at 546 Best Buy at 532. Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade. Best Buy level might be executed or might not be executed. The chart clearly indicates Bullish Trend you can...
GLENMARK - bouncing back from lower levels Above 516-517 --- we will see next target of 575 - beyond this can test 645-650 levels. Add to watch list - trade carefully.
glenmark upside after correction
Glenmark broke its 4 downward trend in August 2020 and since then it is consolidating around the same levels. Any thrust upside could be really quick and furious. Form march lows, it has also taken 32% Fibonacci retracement level, which usually acts as strong support. We can go long with a target of 680-700 with recent lows as a SL.