ashwinkpes
Long

Three drive pattern - Glenmark- Long traget 915-918 SL 840

NSE:GLENMARK   GLENMARK PHARM
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2
81 2
Three drive pattern found in Glenmark . Go long with SL 840 for a target between 915-918
Apr 19
Trade closed: target reached: Traget reached on 19-April-2017
Upside 918 - 888.8 = 29.2
Downside 888.8 - 840 = 48.2
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ashwinkpes tarunjune21
@tarunjune21, Yes...Thats a bit stetched....:) The reason is I found the pattern quite late and also the lowest green candle formed on 3-April-2017 is having a low of 846. And as per ideal pattern of 3 drives we need to keep the SL below the completion of the 3 drive i.e. in actual less than 830 which would be too much so just keeping it tag below the next candle .
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