nimbuz90

Rounding bottom - Glenmark

Long
NSE:GLENMARK   GLENMARK PHARM
The stock has formed a rounding bottom reversal pattern and had a breakout to upside. But it dint have a strong close above the breakout with good volumes.

But since an Inside bar pattern is witnessed at the end of this pattern, we can go go long above the bar extreme once it breakouts.

Entry - Above 547 based on bull signal in smaller time frame
SL - 537
T1 - 560
T2 - 565 to 570 depending on the momentum.

Purely for study purpose.
Thanks.
Trade active: Entered @ 548.9
Comment: Target 1 done
Comment: Target 2 done.
All targets achieved.

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