HelloSambhav

Glenmark | Flag Pattern , Trendline & Range Bound Breakout

Long
NSE:GLENMARK   GLENMARK PHARM
NSE:GLENMARK
positional Trading opportunity ! Weekly Chart Alert !!!

--Buy above =542.55
--Target = 688.25 ( 33.55 % )
--Stop-loss = 446
--Lot Size = 1150
--R:R = 2.50
--Expected Profit =1,98,000 ₹ per lot or 33 %

Technical Reasons to trade :- 🧢

1) Glenmark has bullish flag pattern Formation and breakout.
2) Range breakout trading .
3) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern.
4) Uptrend Is continuing and Trendline break .
5) resistance is around 6858-733 .

Fundamental reasons to trade :-

1) Glenmark Pharmaceuticals to Redeem $8 Million Singapore-Listed Bonds
2) Glenmark Pharmaceuticals Gets US FDA Approval for Axitinib Tablets
3) Glenmark Pharma Gets Tentative U.S. FDA Approval For Axitinib Tablets
4) Dr .Reddy's Laboratories to Acquire Select Anti-Allergy Brands from Glenmark Pharmaceuticals
5) Glenmark Pharmaceuticals Lands Final USFDA Approval for Immunosuppressant

Guys check out the related ideas as well, it will work really well GUARANTEED !

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