#GLENMARK ANALYSISAs we can see that pharma sector started to trade above 200 DMA, and all pharma companies showing good green colours, follow chart for proper entry and exit. Auropharma worked well as analysed.
GLENMARK
Nifty Pharma Near Make-or-Break Zone 11200-11400 Nifty Pharma Near Make-or-Break Zone 11200/11400
Nifty Pharma on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
GLENMARK PHARMA (PRICE ACTION ANALYSIS) share name : glenmark pharma
call type : poistional or investmnet
- share is forming a diamond pattern
- head and shoulder on bigger time frame
- a good consolidation can be seen for the level
of 540 - act as a huge resistance
- we can accumulate this share at level 490-480-
470 with sl of 450
- approchable targets 700,1000, 1200 ++
thanks
Glenmark good to add in watchlistNSE:GLENMARK
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
Glenmark pharma Glenmark Pharmaceuticals Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, India.
Support and Resistance level
Glenmark good bottom formation and Breakout#Glenmark forming as very good bottom for last few weeks. and now coming out of the congestion.
Seems good candidate for reversal. CMP 413 can be taken for 455/480/510 SL 374
Glenmark breaking out from a structure The Scrip is trying to move out from a range after almost 5 months of consolidation, The Scrip was on a LL pattern on monthly/weekly chart but looking like it is about to break the trend.
For Swing traders
Can initiate longs once price sustain above 410 for a target target of 40 points, SL below 410 on Day closing basis,
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
GLENMARKNSE:GLENMARK
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
GLENMARK T1 Hit, T2 UpdatedNSE:GLENMARK
#NSE:GLENMARK T1 reached and T2 Updated !!
All the analysis shared in earlier chart.
GLENMARK Triangle BO !!NSE:GLENMARK
#NSE:GLENMARK formed Beautiful symmentrical triable and given BO.
Sustaining above trendline/400, may show very good momentum.
SL for safe players can mark 383.
Target Open.
*Only for Practice.
GLENMARK - Chance for Triangle Breakout Glenmark Pharma is showing a Symmetrical triangle pattern in the daily time frame and there is a chance for make or break in the upcoming days.
Look out for Volume breakout !!!
Buy Price: Above 406.5
Stop Loss: Below 358
Target 1: Above 448
Target 2: Above 491
Down Trend is also possible due to weak earnings !!!
Sell the stock if it breaches the stop loss value.
GLENMARKNSE:GLENMARK
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Glenmark Pharmaceuticals Ltd - 27.05.2022Glenmark Pharmaceuticals Ltd - 27.05.2022
The stock is trading @ 398 levels
There is a HAMMER & DOJI in Weekly Charts
The prices are below EMA
There is a HAMMER & DOJI in Daily Charts
There is a STOCHASTIC Bullish Divergence in Daily Charts
Let the prices go above 414 to initiate a BUY Position with support @ 376
watch out for the price action
GLENMARK Ascending triangle !!NSE:GLENMARK
#NSE:GLENMARK formed Ascending triangle.
Levels marked for practice.
Happy LEarning.
watch for head and shoulder and support breakdownshort below 439 in intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
Glenmark...cmp 516...keep an eyeGlenmark...nice structure
Cmp 516
high probability setup
for a possible upswing soon
Glenmark Pharma in question Hello Traders, the last stock given here i.e Titan is still on the same levels we are waiting for a breakout so we can make a long position.
Now speaking of glenmark pharma, this stock is trading in a expanding wedge/triangle kind of pattern there are two trade possibilities to go long on this stock both are mentioned in the chart above so you can trade accordingly.
All the information required for the trade are mentioned in the chart above, please refer to the same
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
GLENMARK READY FOR ROCKET MOVE......???GLENMARK IS TRADING IN A VERY TIGHT RANGE.......
Good Risk-Reward Ratio........
Glenmark Pharma Inverted Head and Shoulders in MakingGlenmark pharma is attempting to break out of an inverted head and shoulders pattern. Buy for the targets of 580/600/620.
GLENMARK - Triangle and Flag Why this Trade..??
1.Broadening Triangle Pattern
2.Bearish Flag
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
