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Glenmarkanalysis

GLENMARK - Strong Option Chain Signals for Potential Trade SetupBias: Bullish Bias with Aggressive Call Writing Unwinding and Strong Call Long Build-Up Strong OI additions in OTM Calls; downside Put writing limited ________________________________________________________________________________ Best CE: Strike: 2000 LTP: ₹42.1 OI: 28,83,750 (+12,32,625 | +74.65%) Volume: 15,350 Build-Up: Long Build-Up Interpretation: Strong aggressive buying; potential breakout above 2000 ________________________________________________________________________________ Best PE: Strike: 1700 LTP: ₹10.0 OI: 9,27,000 (+3,60,750 | +63.71%) Volume: 4,059 Build-Up: Short Build-Up Interpretation: Put writing — indicates strong support near 1700 ________________________________________________________________________________ Best Strategy: Bull Call Spread (Buy 2000 CE, Sell 2120 CE) - Capitalizes on upward momentum - Defined risk & reward - High probability based on CE buildup from 1920 to 2120 ________________________________________________________________________________ Why: - Multiple strikes (1920, 1960, 2000, 2120) with **Long Build-Up in Calls** - Lower strikes (1860–1900) showing **Short Covering**, confirming up-move strength - No significant Put Long Build-Up — bearish bets not seen - 2000 CE has highest bullish action → Key breakout level - Spot at ₹1904 is very close to these active strikes ________________________________________________________________________________ ⚠️ Disclaimer (Please Read): • This chart is shared for educational purposes only and is not investment advice. • I am not a SEBI-registered advisor. • The information provided here is based on personal market observation. • No buy/sell recommendations are being made. • Please do your own research or consult a registered financial advisor before making any trading decisions. • Trading involves risk. Always use proper risk management. ________________________________________________________________________________ 💬 Found this helpful? Drop your thoughts or questions in the comments below ⬇️ 🔁 Share this post with your trading community. ✅ Follow simpletradewithpatience for price-action backed technical setups. 🚀 Let’s trade with patience, logic, and clarity! Be Self-Reliant | Trade with Patience | Learn with Logic ________________________________________________________________________________
NSE:GLENMARK
by simpletradewithpatience
GLENMMAR PHARMACUITCAL- Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: GLENMARK PHARMACUITICALS ( NSE:GLENMARK ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹1680.00 (Breakout Confirmation) 🛑 Stop Loss: ₹1579.00 (Daily Closing Basis) (-6 % Risk) 🎯 Target Levels: ₹1725.65 ₹1775.65 ₹1826.70 ₹1878.45 ₹1926.35 ₹1977.00 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation ✅ Strong Momentum - Daily RSI > 60, Weekly RSI >60 Monthly rsi >60 ✅ Volume Confirmation - Breakout volume 1.93M vs previous day's 1.16M ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear price & volume breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:GLENMARK for this breakout opportunity? Share your views in the comments!
NSE:GLENMARKLong
by raigvivek
1
Glenmark Life Sci - nice long setupA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GLS Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- possible Positive MACD Crossover Disclaimer: This is for educational purpose only.
GLong
by raigvivek
Glenmark breaking out from a structure The Scrip is trying to move out from a range after almost 5 months of consolidation, The Scrip was on a LL pattern on monthly/weekly chart but looking like it is about to break the trend. For Swing traders Can initiate longs once price sustain above 410 for a target target of 40 points, SL below 410 on Day closing basis, #Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
NSE:GLENMARKLong
by TheStocktrader_Skn
Glenmark Pharma in question Hello Traders, the last stock given here i.e Titan is still on the same levels we are waiting for a breakout so we can make a long position. Now speaking of glenmark pharma, this stock is trading in a expanding wedge/triangle kind of pattern there are two trade possibilities to go long on this stock both are mentioned in the chart above so you can trade accordingly. All the information required for the trade are mentioned in the chart above, please refer to the same Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:GLENMARKLong
by this_is_shoaib