GLAXO LONG Triangle formation on weekly basis and expecting reversal from the triangle's shadow levels. Upper levels targets 1473 - 1535 Can move further as 1591 - 1674 - 1844 and above. No recommendation. Just view
Reason for Long 1. Head and Shoulder Formation (See chart) 2. High Volumes (See chart) 3. Good Fundamentals 4. RSI continously above 50 (See chart) Target: 2000 Stop loss: RSI goes below 50
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Triangle Formation Possible Breakout above 1700 Monthly Chart Long Term
Traingle breakout pattern in Glaxosmithkline Pharmaceuticals Limited
GLAXO- Trading At Support. GLAXO - Buy Above 1570 Sl - 1480 Target- 1700 2000 2200
Glaxo CMP - 1504 Stop - 1440 on DCB Expectation - 1 - 1650 2 - 1800, Review at 1800 Expected Holding Period - 60 trading days or earlier Ideas being shared only for educational purpose
Look fresh in range 1490-1530 for upside 1700/1800 in med term..