This 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...
Glanmark Pharm Buy above - 795 SL - 778 Note - Only for education purpose
Stock is moving in an impulsive manner. One should go long on cmp with SL of 3490 and look for the target zone of 4600 .
the gland has just broken the trend line with great volume support disclaimer:- I have this stock for swing @3970
Observations: 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...
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...
- 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.
SWING TRADE: GLAND PHARMA, gave strong trendline breakout and now doing retest, can enter now with SL below trendline. can give good move in small time.