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

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Technical analysis provided on the chart is solely the personal views of my research.
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Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
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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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