Glandpharma
Double Bottom Pattern in GLANDPHARMAGLANDPHARMA 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
GLANDNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
GLANDPHARMA can rally from current levels?GLANDPHARMA has bounced from the support level and it is trading above this level, for the last couple of days. It is likely to face the next resistance at 4300 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.
GLANDNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Gland Pharma LtdObservations:
Bollinger band has stayed expanded for almost two weeks now
Positive crossover occurred about 2 weeks ago
10 DMA- Green, 20 DMA – Yellow, 50 DMA – Orange
Take support at current prices with .05% stop loss. Should there be a correction monitor it and re enter
Make note that the target is currently positioned at 2nd resistance levels.
Hence the need to keep stop loss at bare minimum
Gland Pharma - Descending Triangle - Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial.
- It can either breakout and go to 3350 level or breakdown and go to 3000 level.
- RSI is around 45, it is good time to accumulate this stock.
- There is high possibility that it may move sideways for sometime because of low volumes.
Gland Pharma made Descending Triangle on Hourly Chart- Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial.
- It can either breakout and go to 3350 level or breakdown and go to 3000 level.
- There is high possibility that it may move sideways for sometime