GLENMARK
Glenmark Looks good at this levelsGlenmark looks good at this level for 480+ short term target.
+ Below seems restricted to 464.95
+The chart is clear indication of short term target.
Please note this is for only educational purpose. Trade with your own risk and not basis the idea shared here.
Glenmark- LONG for med to long termIs it only my feeling?, that Glenmark will go up???.
Maybe, maybe not.
Fundamentally company looks good, also price action wise present price range seems good for a med term investment.
Buy around CMP
SL below 430
with a TGT of 585/ 675
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally
Descending Triangle patternGlenmark moving in descending triangle pattern
1) If stock break tredline keep long
2) If stock break the support keep short.
GLENMARK possibility of breakout (support level) SHORT STRATEGY
when price breaches 455.20 levels confirm it with retest then enter the trade.
exit - 407
(there is support level at 407 - if bears are still strong with increasing volume then hold it till you see otherways)
FUNDAMENTALS - glenmark fake rumor on covid vaccine had increased the price of the share drastically, later there was a correction in price. glenmarks recent quater result were not imperessive due to wish there was selling pressure in market.
Glenmark - BuyAt strong support levels
If market takes support then this Pharma Stock will rock first
GLENMARKIm not an expert im just sharing my views on GLENMARK for tomorrow
Im not responsible for any profit or loss this is not a recommendation
GLENMARKIm not an expert im just sharing my views on GLENMARK for tomorrow
Im not responsible for any profit or loss this is not a recommendation
GLENMARK - LONG SIDEGLENMARK after a breakout now tested the support. One more green candle may confirm the upside SWING from the support to test the Previous High or even can create new high.
Watchout for Glenmark PharmaGlenmark pharma recently crossed an important level. If retest and form a reversal candle, then it can head towards 700 levels in the near future.
Glenmark | Flag Pattern , Trendline & Range Bound Breakout NSE:GLENMARK
positional Trading opportunity ! Weekly Chart Alert !!!
--Buy above =542.55
--Target = 688.25 ( 33.55 % )
--Stop-loss = 446
--Lot Size = 1150
--R:R = 2.50
--Expected Profit =1,98,000 ₹ per lot or 33 %
Technical Reasons to trade :- 🧢
1) Glenmark has bullish flag pattern Formation and breakout.
2) Range breakout trading .
3) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern.
4) Uptrend Is continuing and Trendline break .
5) resistance is around 6858-733 .
Fundamental reasons to trade :-
1)Glenmark Pharmaceuticals to Redeem $8 Million Singapore-Listed Bonds
2)Glenmark Pharmaceuticals Gets US FDA Approval for Axitinib Tablets
3)Glenmark Pharma Gets Tentative U.S. FDA Approval For Axitinib Tablets
4)Dr.Reddy's Laboratories to Acquire Select Anti-Allergy Brands from Glenmark Pharmaceuticals
5)Glenmark Pharmaceuticals Lands Final USFDA Approval for Immunosuppressant
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
Breakout from Channel Pattern in GlenmarkThere is a breakout from channel pattern with good volumes.
Enter between 486-490 for target between 514-517 and Sl at 477.
