Glenmark - caught in a range
Updated
I come across a lot of tweets/posts in various forums that Glenmark is a buy and will shoot up - the truth seems that it is caught in a definate range portrayed by the two red lines. But one thing I agree that the upper range seems to 560 odd levels.
The problems? let's see. Since I study Ichimoku Charts - the Chiku is not free (for those who understand what I am saying)
I would prefer to buy it when the RSI hits around 40 level and then hope that it gives me 550+ on cash levels atleast.
Wait this space for more...
The problems? let's see. Since I study Ichimoku Charts - the Chiku is not free (for those who understand what I am saying)
I would prefer to buy it when the RSI hits around 40 level and then hope that it gives me 550+ on cash levels atleast.
Wait this space for more...
Note
Wanted to update - Span B is absolutely flat and that will give it a major support. If it breaks that level then will updateTrade closed: stop reached
Like many other trades the stock has violated the lower channel and hence closed with loss
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