Intraday Trade: Glenmark - Watch out for resistance break out Buy above 545. Safe above 550
LOOKS Good PATTERN BREAKOUT IN GLENMARK PHARMA AT CMP AND GOOS TIME For Swing Trade YOUR SL -52 0 FOLOW US ON TELIGRAM : Stocks Analyst - Discussion Chat
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
Level mentioned in chart Do your own analysis before investing Only for educational purposes
Took support in weekly demand zone. Buy at current price with target 615 ( stoploss daily close below 485)
positional trade setup...... target date(11-oct-2021 / 11-nov-2021)
Glenmark pharma weekly Chart 📉📈 200 Moving average support Trendline support Horizontal line support Weekly hammer pattern Perfect signal to buy Long Long Long
Was downtrend but the trend reversed. At support and retest level. Good Risk reward
Taking support at trendline , RSI looks oversold , tgt 520/535
Currently on Harmonics reversal point ! Buy on dip util X point for tgts mentioned above !
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
Glenmark looks good for long Inverted HNS pattern, can give good upmove in comming weeks
Glenmark is hovering near previous support level and RSIDIV-I showing clear divergence. CMP- 523 SL-517 Target- 535
DATE: 02 SEP 2021 INSTRUMENT:GLENMARK TREND: BUY TIME FRAME: DAY CMP: 538.40 BUY ABOVE: 540 STOP LOSS: 519 TGT 01: 550 TGT 02: 578 TGT 03: 594 RISK DISCLOSURE: We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your...
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.
A very potential sell opportunity. I have marked the target area also . Impulse , correction, impulse.
stocks trading ideas demand and supply method demand zone
Target mentioned in chart *Do your own analysis *Forming head and shoulders pattern