GLENMARK | Strong support last 13 weeks - Looks good for 45% Long

GLENMARK PHARMNSE

Description

⋅ Nov 10, 2020 9:29 AM

GLENMARK | Despite weak pharma sector i see the Glenmark is strong as M&M stock as it is taking good support last 13 weeks

Potential for 45% 😃

CMP : 475
SL : 440
Target : 690

1:5 risk reward setup - Weekly chart hence this a long trade.

Trade closed: target reached

⋅ Jul 16, 2021 11:07 AM

Comments

srikartiram

⋅ Jul 16, 2021 11:07 AM

One of the loooongest trade :)

sam2k

⋅ Dec 11, 2020 6:33 AM

CMP 528. Flag breakout on weekly chart?

srikartiram

⋅ Dec 11, 2020 7:19 AM

@sam2k, Yes it is weekly breakout already. Just facing a small resistance now but will be taken out shortly.

krishaccts

⋅ Nov 10, 2020 2:47 PM

What is the this month end target as per your analysis

struggling_traders

⋅ Nov 10, 2020 12:53 PM

AAJ MENE BHI SAME OBSERVASION KIYA BUT LAST ME SL HIT HO GAYA MY BAD 😄 RM IS MORE IMP THAN FINDING A TRADE