profitpujari

#GLS long term breakout trade setup (25/12/23)

NSE:GLS   GLENMARK LIFE SCIENCE LTD
Greetings Folks,
today I have prepared a setup of GLS
on NSE
the analysis is as follows-
- the price is consolidating in a 160+ day structure
- the price is very contradictory, it can breakout either side, and it may even go sideways further
- i am bullish overall, but still due to the current fall in the index i am not confident in entering this trade right away
don't play with fire, always use a predefined stoploss

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.