GLENMARK LIFE SCIENCES (1D TF) - Swing Trade Analysis given on 18th Feb, 2024 Pattern: ASCENDING TRIANGLE - Volume buildup at Resistance - Done ✓ - Resistance Breakout - In Progress - Retest & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #glenmark #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
#GLS CMP 646.2 Manufactures of high quality drugs (Pharmaceutical ingredients) .Promoter holdings are nearly 82% with nil pledge and nil debt . Annual net profit increasing for last 2 years. Price near 52 week high now. A bullish flag pattern is visible . Now trying to break 1 year long resistance trend line.Have strong resistance at 670-680 levels .Trying to...
GLS has broken out the previous swing high and is showing bullish signs. Go long above 707 and put your stop loss at 659. Targets are mentioned on the chart using XABCD bearish shark pattern. Happy trading :) This is just for educational purposes.