Glen mark share on daily chart break out level completed can be taken for long entry with the target of 375 to 390 . Trend reversal sign is clearly visible in the stock. This is going to be the major breakout for the stock.
Hi,
1. AB = CD Pattern drawn on Recent Close Price of Day Chart.
2. AC = 0.618, Assuming BD = 1.27 D Point Form at 348.
3. Price have started fall from the D Point fo AB=CD Pattern .
4. On 30 Minutes Chart, XABCD Pattern
5. XA Drawn from LL to HH , AB Drawn on HH to LL(New) , BC = Drawn on LL(New) to HH(New)
6. XB=0.62(Near to 0.618) , AC=0.885(Near to...
For last 3 trading days, Glenmark Pharma is not able to move upwards and is moving in the range of 310 to 341, on a daily chart, it has resistance at 330. To short for a target of 272 with a stop loss of 345
Key Levels for GRASIM :
Upper Breakout~539
First Target~546.30
Interim Resistance~554.15
Final Resistance~563.25
**Lower Levels**
Lower Breakout~525.65
First Target~518.40
Interim Support~511.50
Final Support~501.45
Please trade with caution and consult your financial adviser before trading.
PLEASE FOLLOW CHART IF BAD NEWS COMES SECOND GAP MAY BE FILLED YOU CAN STILL GO LONG WITH SECOND GAP AS STOP LOSS FOR INVESTMENT
TRADE AND INVEST AT YOUR OWN RISK
