GLENMARK "Waiting!!" Glenmark is forming an curve pattern and an very exciting one.
Key-levels are 485 once broke will Give a good upside momentum.
This is my view and lets hope for the best.
GLENMARK
GLENMARK[ POSITIONAL ] BEARISH setup
GLENMARK BEARISH
4 HOURS chart
HARMONICS CYPHER
bearish short setup
positional trade....
WEEKEND SPECIAL #2 - GLENMARK OPPORTUNITY take 16% moveTwo strategies - 1. intraday for 10th aug levels given.
2. positional trade for 16% move with risk:reward of 1.88 .
This week its earning will come so it could help to reach positional trade target.
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GLENMARK Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Glenmark ... From Bullish to sideways to bearish ?Ichimoku is a very versatile system. Look at this chart of Glenmark. It has been in a range for a while, and below the equilibrium price. And unless it makes a big move up, the sentiment will turn bearish .... see how beautifully this is shown on the chart ....
It brings to mind the truth of life. If we are at the same place we are actually falling behind ...
Just a perspective that I wanted to share
GLENMARK PHARMA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Trade setup for GLENMARKThis is one of the better setups from the list of intraday stocks for tomorrow and so I wanted to share with you.
This is another of my price action strategy setup. Bandhan Bank gave almost 2% reward today, but I expect this setup to give around 1.5%-2% returns. I trade using a 5 min to take trades so I get better entry price. Levels are mentioned on the chart.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
Glenmark in Range BoundGlenmark Range Bound
A little upmove can be seen
in good market condition.
Resistance is around 439 while
Support is around 413.
If breakdown, we may see
level of 405-400 In near term.
Updated on : 20 July 2020 8.00am.
Disclaimer: Only for Learning Purpose.
Stock Analysis of GlenmarkGlenmark – CMP - ₹429.75 Dt. – 19-07-2020
In 4 hr. chart you can see the stock is trapped in the symmetric triangle and can give good breakout upside once the stock crosses the resistance level of ₹439.25. After breakout stock has the capacity to go till ₹476.15.
Go long on Glenmark above 375. While I'm bearish on Glenmark for the short term as revealed in my previous tweet. I'm bullish on Glenmark above 375 for the medium/long term. Target 450-600 by trailing SL
GLENMARK Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Glenmark: Chart set u p & viewGlenmark
Closing Price 432.7
- the stock has seen a meteoric rise from 161 in Mar 2020 to 550 in Jun
- the stock has also seen a sharp drop of 120 points from the highs
- at current levels there are multiple support possibilities
- 20 day EMA currently at 429
- 38.2% retracement at 415
- incidentally the green zone has acted as important level exactly 1 year back between July 2019-Aug 2019
Given the setup, one may consider buying in 2 tranches
- at CMP or on any dips towards 415
- use 2nd part only if price dip towards 380 - 394 zone
Target for the setup - 612 / 646 levels in medium term
Pattern would get invalidated if it closes and sustains below 365 for 3 consecutive days
The set up provides a Risk::Reward ratio of 1 :: 5.
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Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Glenmark, a Good BuyGlenmark has recently came into news because of the medicine it has started to produce for COVID-19. After the correction, its again at a point where buying more stocks is a great choice.
Please do your own research before making any decisions.
Glenmark clear BUYMonthly chart -
Target 675 - 740
1. Price Volume breakout over trendline.
2. MACD positive cross over
3. RSI down trendline is broken on the upside.
4. RSI and William at favorable values supporting a BUY.
GLENMARK EOWA 28 June 2020Channel Breakout 13/04
Hard Stop 374
RSI MACD D,W TF Rising and Strong
200D EMA BO on 01/06 WRC abv avg VOL
Current Weekly Candle Long Wick on top suggesting Supply.
CRS Strong and Trending Up
RSI of CRS also Strong.
FIBO levels TGT SL Marked
GLENMARK PHARMA Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
