biased toward bullish SL compulsory
Can go for Long(buy) and Upward Movement can be Predicted.
But chance of burst is less; best long term buy at 355 with SL
bv set up for intraday Sl compulsory
glenmark at support buy for 1%
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PIN AT STRONG RESISTANCE SELL BELOW 644 with sl 656 target 638- 630
Bearish Bat Sell PRZ 652-655 SL 665 TARGET 633/621
Bearish Butterfly Glenmark PRZ 663-668 SL 678 Target 657/652
Price coming near demand zones, should come back to the highs very soon.
Double Top pattern. One may keep a small SL and go short. 660 can be the short term target.
Glenmark chart seems to be following the same pattern as shown in the chart. link to my previous analysis is here. we can see another leg down up to 624. *****THIS IS JUST FOR EDUCATIONAL PURPOSES NOT A TRADING ADVICE . DONT FOLLOW MY CHART ANALYSIS FOR YOUR TRADING DESCISIONS *****
Glenmark is sitting on right positions. There is 2 things consider to be Notice. 1- Falling Wedge in a week time frame. It's a bullish breakout pattern We just need to wait for the confirmation only. 2- Second is there is the idden bullish divergence which is also a bullish pattern..