Expecting Short Term Negative Trend In Glenmark Short

GLENMARK PHARMNSE

Description

⋅ Jul 30, 2023 10:54 AM

As Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 782-779 Level then possibly It will test 740-720 level.

Considering This i am Planning to go for hedge Trade August Series.

Buy Glenmark 800 CE Near 33-34 and sell future Below 802, Stop Loss 811 Target 785,775

Investment Required 55000
Maximum Loss = 13000
Profit Upto = 26000
Offset = 1% Of capital

Only For Educational Purpose.

Trade active

⋅ Jul 31, 2023 5:49 AM

F&O Hedge Order Executed

Comment

⋅ Aug 1, 2023 4:52 PM

Made Low 788.50

Trade closed: target reached

⋅ Aug 2, 2023 4:00 AM

Target Done

Trend Analysis Support and Resistance

Comments

raun786

⋅ Jul 31, 2023 7:22 PM

can u please guide I buy 820ce but it losses and goes down please help me kya can it touch 850 in the current month august

PrachiMetha

⋅ Aug 1, 2023 3:45 AM

@raun786, Buddy i dont want to give any wrong Information on this , but if its break 820-825 then probably we can see Up Move but as per current condition its look difficult