Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
This is one of the better setups from the list of intraday stocks for tomorrow and so I wanted to share with you. This is another of my price action strategy setup. Bandhan Bank gave almost 2% reward today, but I expect this setup to give around 1.5%-2% returns. I trade using a 5 min to take trades so I get better entry price. Levels are mentioned on the...
Glenmark Range Bound A little upmove can be seen in good market condition. Resistance is around 439 while Support is around 413. If breakdown, we may see level of 405-400 In near term. Updated on : 20 July 2020 8.00am. Disclaimer: Only for Learning Purpose.
Glenmark – CMP - ₹429.75 Dt. – 19-07-2020 In 4 hr. chart you can see the stock is trapped in the symmetric triangle and can give good breakout upside once the stock crosses the resistance level of ₹439.25. After breakout stock has the capacity to go till ₹476.15.
While I'm bearish on Glenmark for the short term as revealed in my previous tweet. I'm bullish on Glenmark above 375 for the medium/long term. Target 450-600 by trailing SL
Bullish divergence in weekly chart. Price above the trendline
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Glenmark Closing Price 432.7 - the stock has seen a meteoric rise from 161 in Mar 2020 to 550 in Jun - the stock has also seen a sharp drop of 120 points from the highs - at current levels there are multiple support possibilities - 20 day EMA currently at 429 - 38.2% retracement at 415 - incidentally the green zone has acted as important level exactly 1...
Glenmark has recently came into news because of the medicine it has started to produce for COVID-19. After the correction, its again at a point where buying more stocks is a great choice. Please do your own research before making any decisions.
Monthly chart - Target 675 - 740 1. Price Volume breakout over trendline. 2. MACD positive cross over 3. RSI down trendline is broken on the upside. 4. RSI and William at favorable values supporting a BUY.
Channel Breakout 13/04 Hard Stop 374 RSI MACD D,W TF Rising and Strong 200D EMA BO on 01/06 WRC abv avg VOL Current Weekly Candle Long Wick on top suggesting Supply. CRS Strong and Trending Up RSI of CRS also Strong. FIBO levels TGT SL Marked
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Clear we have seen the bullishness of the stock of Glenpharma on Daily & hourly chart. The formation of Flag pattern on hourly chart is clearly visible. So we can take the stock for long entry above 392 for the next level of 408 . After this a minor resistance zone at the level of 410. Once the stock cross & sustain the level above 410 then the next level is 435....
Resistance at 371 and 372, target 375 - 380.