NSE: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 - 27.05.2022
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 PHARMA A Long term resistance faced by the counter at around point (1) , (2) and (3) mentioned above on chart. Later the stock breached the resistance successfully and now trading at the throwback point (A resistance turned support level). A Stop Loss is always placed at or below throwback level in such cases and the target can be drawn with the help of...
short 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...
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...
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.
Why 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.
The stock is out of consolidation zone and has given a closing above its support levels. The stock is expected to rise further. The targets are shown on chart.
Glenmark can be a good bet in this recent fall due to new variants of COVID-19.
Rising volumes in last few trading session should also be noted.
Keep an eye in coming days.
As 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...
