Niftydirection

Glenmark Expanding Leading Diagonal on Monthly Chart

Long
NSE:GLENMARK   GLENMARK PHARM
Glenmark is expected move in expanding Leading Diagonal.
V wave of leading diagonal always moves beyond end of wave III.
V wave expected to move minimum 100% of length 0 to III somewhere near 1400+.
Most likely to 138%(1.382) or 168%(1.618) which are near trend line.

The prospects and analysis are for long term if anyone wants to keep stop loss then they would 405 or 161

DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I am holding some shares in this and may sell or buy additional anytime.
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