Gland Pharma cmp 1800.45 by Weekly Chart views since listedGland Pharma cmp 1800.45 by Weekly Chart views since listed
- Support Zone at 1650 to 1700 Price Band
- Weekly Support at 1650 > 1470 > 1190 with Resistance at 1975 > 2225 > 2445
- *Price below Rising Support Trendline might be a cause of concern to consider currently*
- *Descending Triangle Breakout needs to sustain above Support Zone else probable breakdown*
Glandpharmalong
GLAND Analysis & PredictionThis is the analysis of GLAND in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About GLAND :
Gland Pharma Ltd. manufactures pharmaceutical ingredients and injectable formulations. It offers injectables including vials, ampoules, pre-filled syringes, lyophilized vials, dry powders, infusions, and ophthalmic solutions. The company was founded by P. V. N. Raju in 1978 and is headquartered in Sangareddy, India.
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 Pharama Both View .....triangular kind of pattern is formed on daily and 4hr time frame...
so both sid view we can consider and for now my view is bullish till 3500
if tommorrow or day after tommorow stocks gives breakout then we can initiate buy or short
it might give breakout to upside with heavy volumn then it will not stop till lifehigh price so trade according own risk reward or u can take this chart levels as ur trading setup....
Buy Above- 3240
Target - 3510 and above
short below-3020
Target- 2875
SL for both - 3140
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