Glenmark is breaking out of the channel pattern on a daily time frame. Breakout happened with a good 6% increase. Can increase 10% from here in the short term.
Channel breakout in Glenmark Pharma. Positional target 540/553/568
CADILAHC SWING TREND ANALYSIS
I have been following Glenmark for quite some time now. Unfortunately with the wider market correction, Glenmark got the beating a little too much. However, since my responsibility is to share the trades with you that have the best Risk to Reward Ratio and that I personally take, I am sharing this with you. Please note, that SL is there for a reason. Typically a...
Stock has broken support zone today. further weak if breaks Trendline tomorrow or in coming sessions.
observe the chart carefully for a better understanding
Glenmark in 7 months consolidation zone, watchout for breakout
Glenmark 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.
Is 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...
Glenmark moving in descending triangle pattern 1) If stock break tredline keep long 2) If stock break the support keep short.
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...
POST MARKET ANAYLSIS , IT IS NOT ADVISE IT IS MY VIEW ON MARKET .