Glenmark pharma recently crossed an important level. If retest and form a reversal candle, then it can head towards 700 levels in the near future.
GLENMARK EXPECTING A BIG MOVE SOONER - KEEP AN EYE
Educational purposes
Educational Purpose.
After giving a strong reversal from a monthly Bullish Harmonic Bat it is now getting ready for another rally with minor resistance between 360 and support coming in at 340-330. Wait for breakout or dip to support. Next resistance at 390/450
Next week,can we see 320...
if closes below 270 , it can show 215-220 in coming days...lets see how tomorrow will react...buy 220 PE for safers
An excellent concept of divergence was shown in the charts of GLENMARK Pharma when a revisit of September 2018 heights happened in the first week of January 2019 but then it happened with a decrease in the momentum in the move and hence it was imminent on the RSI. A double top and a divergent RSI were perfect indicators to show that the move in GLENMARK would...