BUY - GLAND PHARMA LTD
CMP - Rs. 935
Target - 1: Rs. 1360
Target - 2: Rs. 1700
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Technicals - Gap Down
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This is just a view by an expert analyst, please invest at your own risk.
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Based on the chart analysis, it appears that the stock is reaching a potential bottom point. This is indicated by a bullish divergence pattern at the all-time low, which typically suggests a possible reversal of the downward trend. Additionally, the stock has recently broken through a short-term resistance trendline, indicating a possible upward...
Close to 52 week low and taken support from 52 week low and 50 moving average
volumes looks good and breakout with good volume
we may see 10% up movement in upcoming days.
Gland Long ( 14 Oct)
RSI-49
RSI Divergence
Buy at CMP- 2175
SL- 2070
Target- 2345, 2490
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Charts and views are only for educational purpose.
gland has been retracing using parallel channel since past few days. earlier the vertical move was in the shape of pole.
on higher time frame it is forming a Flag and pole pattern.
I will buy GLAND because :
It has been taking support
what was resistance now acting as support
So will be looking at buying opportunities.
Entry : 3530
Target : 4357
Stop loss : 3300
There is unusually less action observed in Gland Pharma in Weekly Charts, and in Daily Time Frame it has taken Support in 50% retracement level, there is a high chance that it can give a huge brakeout on upside if the overall market supports it.
I will buy GLAND because :
The price is accumulating at support
It is taking support and can show big move
The stock has good fundamentals also
Entry : 3844/3750
Target : 4818/5000
Stop loss : 3647
GLANDPHARMA has formed a Double bottom pattern at the support level, so there are good chances it will rally from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
