glenmark looks bearish in medium term
Updated
in weekly, wave C is going on.
in closure look, there are a lot much left of wave C.
wave B retraced 50% of wave A, so wave C should be extended.
Now counting the fractals of wave C shows that, sub wave [iii] going on.
looking at the retracement levels it can plunge below 560 levels. So one should exit in every bounce.
Note: this is for educational purpose.
in closure look, there are a lot much left of wave C.
wave B retraced 50% of wave A, so wave C should be extended.
Now counting the fractals of wave C shows that, sub wave [iii] going on.
looking at the retracement levels it can plunge below 560 levels. So one should exit in every bounce.
Note: this is for educational purpose.
Trade active
till now 668.25Trade active
till now 632.60, getting beaten quite severely.Trade active
till now 610.90Note
updated wave count : Trade active
still going down , closed at 601Note
regular bullish divergence in daily at horizontal support. short term bounce is eminent.Note
Note
after short term bounce, long term is resumed here, it has broken the horizontal support and moving lower, Note
sorry for posting the wrong chart here, here is the right one
Note
cmp - 515.70, in weekly, it is in descending channel, downtrend continues....
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