Glenmark pharma share on bullish trend.Clear we have seen the bullishness of the stock of Glenpharma on Daily & hourly chart. The formation of Flag pattern on hourly chart is clearly visible. So we can take the stock for long entry above 392 for the next level of 408 . After this a minor resistance zone at the level of 410. Once the stock cross & sustain the level above 410 then the next level is 435. So add the stock in your watch list for next trading session.
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GLENMARK
Short ! Glenmark Pharma
Hi,
1. AB = CD Pattern drawn on Recent Close Price of Day Chart.
2. AC = 0.618, Assuming BD = 1.27 D Point Form at 348.
3. Price have started fall from the D Point fo AB=CD Pattern .
4. On 30 Minutes Chart, XABCD Pattern
5. XA Drawn from LL to HH , AB Drawn on HH to LL(New) , BC = Drawn on LL(New) to HH(New)
6. XB=0.62(Near to 0.618) , AC=0.885(Near to 0.886). These two level satisfy Bullish Bat Formation.
7. to Complete the bullish Bat Formation. Assuming XD=0.786(the level required for Bat Formation Pattern)
8. Formation of BD= 1.30(Near to 1.27) , which also satisfy the BAT Formation Pattern.
9. D Point Formed at 317, which also a Resistance level
10. Sell Below 333 Target 330, 328, 325 , 321 , 317( Final). Stop Loss 336
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GRASIM KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for GRASIM :
Upper Breakout~539
First Target~546.30
Interim Resistance~554.15
Final Resistance~563.25
**Lower Levels**
Lower Breakout~525.65
First Target~518.40
Interim Support~511.50
Final Support~501.45
Please trade with caution and consult your financial adviser before trading.