GLENMARK PHARMA MAY TOUCH ATH ONCE AGAIN
GLENMARK PHARMA is in a strong Bullish trend and has formed a Bullish Reversal (W Pattern) pattern in it's Daily timeframe. The neckline of the W pattern is already broken with a strong candle having decent volume.
Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive traders may hold a small quantity for ATH since there is a chance of profit booking from the Harmonic PRZ area (Area between Target 1 and Target 2). Between the PRZ area if a 15 minute candle breaks any swing low, all quantities should be booked immediately as market seems to remain highly volatile before and after election. It is an earnest request to keep position size as low as possible, because to save our capital in these volatile market conditions should be the only priority.
Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive traders may hold a small quantity for ATH since there is a chance of profit booking from the Harmonic PRZ area (Area between Target 1 and Target 2). Between the PRZ area if a 15 minute candle breaks any swing low, all quantities should be booked immediately as market seems to remain highly volatile before and after election. It is an earnest request to keep position size as low as possible, because to save our capital in these volatile market conditions should be the only priority.
Comment:
Wait for entry till a 15 min candle closes above 1053. In that case, SL will be below 1030. Once again, position size should be as low as possible, and please try to place SL in the system.
Trade closed: target reached:
Please book profits! Near the PRZ area, profit booking may come anytime.