GLENMARK BREAKOUT

Aug 17, 2022

Glenmark daily chart is showing strengths followed by breaking falling resistance trendline and giving breakout on relative strength indicator too it is looking like that consolidation phase is over and get ready for further up moves in it that is why I am adding Fibonacci retracement indicator for helping coming resistances and targets too it is looking little complicated but once you will see carefully you will find the research which I want to mention in it..

Cause of Long-:

1- Falling resistance trendline breakout..

2- Relative strength indicator breakout..

Nov 14, 2022

Trade active

RETRACEMENT 0.236 PRICE 427 ACHIVED

Apr 3, 2023

Note

NEAR TO RETRACEMENT 0.382 PRICE 476

Apr 26, 2023

Note

RETRACEMENT 0.5 PRICE 517 ACHIVED FROM 403

Jul 25, 2023

Trade closed: target reached

ALL FIB RETRACEMENT TARGET ACHIVE CMP 788 FROM 422 GAINED 86%, IDEA CLOSED NOW