GLENMARK
Glenmark Pharmaceuticals above 395 + BreakoutGlenmark Pharmaceuticals (weekly) staying above 395 level, it will give good breakout. A journey toward 500 level.
Glenmark Pharma - Long Swing Trade - Bullish ReversalGlenmark has shown a bullish reversal on the back of very large volumes. If this trend continues, it could possibly be the bottom for a long time to come.
Long can be initiated for a medium term trade.
CMP: 350.
Target 1: 500.
Stop Loss: 310.
GLENMARKAfter giving a strong reversal from a monthly Bullish Harmonic Bat it is now getting ready for another rally with minor resistance between 360 and support coming in at 340-330. Wait for breakout or dip to support. Next resistance at 390/450
Glenmark showing signs of institutional presence. Taking support after breakout on 18th November is a good sign confirming the institutional presence in the stock. The stock is now setting up tone for a strong move up with supporting volumes and momentum. The RSI is positive into the bullish zone and MACD well above the neutral zone with positive bias. Longer term targets are close to 485 levels!
GLENMARK (Glenmark Pharmaceuticals Ltd) BUY ABOVE 301GLENMARK (Glenmark Pharmaceuticals Ltd) BUY ABOVE 301
Glenmark- Strong suport @ 270-272if closes below 270 , it can show 215-220 in coming days...lets see how tomorrow will react...buy 220 PE for safers
GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 360GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 360
GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 381GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 381
GLENMARK || SHORT || INTRADAYSell 414 SL 416
Targets 412, 410, 408, 406, 404, 402, 400
OR
GLENMARK AUG 410/400 PE (14.30/10.05)
GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 409GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 409
Small Risk potential Reversal Trade !I have observed that there is a divergence in the RSI oversold area and today's Bullish Engulfing could offer a good trade with small risk. One can trade the stock as under
Entry current Price 425
SL 405
Target 497
Risk/Reward Ratio 4.4
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
LUPIN trade setuplupin looks good and is set for another atleast a 5% run to the least in coming days
is in my buy on dip list with mentioned stop loss !
