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
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 - 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.
GLENMARK - Broadening Triangle PatternWhy this Trade..??
1.Broadening Triangle Pattern
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.
Glenmark Pharma Trade Setup For MondayAs you can see in the chart, Glenmark is testing 540 level, there is the strong Resistance at this point.
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Many times stock reversed from this level, now again on stock reversed from 540,
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So if stock goes above 540 on monday, you can buy this trade for target of 560.
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What's your view on this comment below in the box.
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Note: Maintain you stop loss as there is high volatility in the Market.
GLENMARK case studyGlenmark spot cmp 530
weekly time frame
Elliot wave study
Rising parallel channel structure
RSI with divergence
Inverted head and shoulder pattern
Rounding bottom formation.
all studies applying ,for long term view on chart,,
looks attractive seeing the chart
Lets see whats there in store..
💊 #glenmark on support NSE:GLENMARK
as one can glenmarke on harmonic support, one can go long for swing trade with stop loss as per their trade setup.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
glenmark investment idealong in delivery only above trendline and yes candle must not form with long upper tails watch out for this and target for long is 575 good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
GLENMARK LIFE SCIENCES PRICE ACTION ANALYSIS AND TARGETSGLS has broken out the previous swing high and is showing bullish signs.
Go long above 707 and put your stop loss at 659.
Targets are mentioned on the chart using XABCD bearish shark pattern.
Happy trading :)
This is just for educational purposes.