As per price action we have seen heavy rejection from high level. We have seen 14 percent downside in just 1 week also Glenmark broke 50 EMA. Now Glenmark standing at support area 580 to 590 good buying area zone. wait for good lower price rejection then we will make good buying entry. If any case 580 level will break then we can see down side move upto 550 and...
Price breaks the pattern and reached the top to break the trend line. Its completely in uptrend - buy on lows !!!
trend Details 1. primary trend chennel formation movement 2. secondary trend Rasing wedge pattern formation move up 3. red line upper level trade price you can expect the next speical circular level
BUY ABOVE 672 TOUCHING RESISTANCE MULTIPLE TIME , WILL GIVE BIG MOVE IF IT BREAK WITH GOOD MOVE
Sell @660, SL-665, TGT-650 Buy @672, SL-668, TGT-682
Glenmark Pharmaceuticals chart analysis for intraday and swing trading
check the chart for entry and exit.
#MAXHEALTH NSE: MAXHEALTH CMP 244.90 Target : 271 SL 228 RR Ratio > 1.5 Time Frame < 45D Factors: Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge...
6th-7th May candles daily demand zone created new life time high , so based on this recent un-touched demand zone trade setup Entry -582.75 near about Target -1:2 trade or up-to strong supply zone 870-900
Glenmark has been forming a Pole & Pennant formation. The volume has dried up since the Pole formed and with earnings expected soon, the stock can be considered to be in a nice Volatility Contraction Pattern.
Glenmark showing strong support levels at 601-602. Enter if support holds, target 635+
Price touch monthly supply zone so might be do some correction. According to near untouched weekly demand zone we can get entry Entry-578.5 near about Profit-870-900 Invalid below- 530
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Glenmark Pharma - CMP 599 Breakout candidate with good volumes. If it sustains the breakout then can expect initial target of 650/700.
Price formed Ascending triangle pattern and breaks up in the last trading session. Price coming back for retest and it should reach the target in the coming week.
Good structure observed in Glenmark pharma few days back observed descending tringle breakout in this stock with volumes after breakout retest done and Moving average crossover(21 and 200) also happened then given a good move now stock is under consolidation volume was picking up in uptrend and drying up in consolidation above 591 good support 541-530 Target...