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...
Glenmark 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.
Monthly 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 IS STRONGLY FOLLOWING TRENDLINE SUPPORT WITH RESISTANCES CAPPED AT 437 AND 458.THE ARROWS PERFECTLY CAN TELL US WHAT CAN BE THE SCENARIO FOR TOMORROW.
![GLENMARK: GLENMARK[ POSITIONAL ] BEARISH setup](https://s3.tradingview.com/9/9ZbzjA1K_mid.png "GLENMARK[ POSITIONAL ] BEARISH setup")
