Stock: Glenmark
Type: BTST,Swing
Target: Your Choice
CMP: 502
SL : 491
Those who don't know what is BTST, Take entry Before market closing on FEB 2nd.
Trade with what you see, Not with what you feel.
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...
share name : glenmark pharma
call type : poistional or investmnet
- share is forming a diamond pattern
- head and shoulder on bigger time frame
- a good consolidation can be seen for the level
of 540 - act as a huge resistance
- we can accumulate this share at level 490-480-
470 with sl of 450
- approchable targets 700,1000, 1200 ++
thanks
Alright, So the story starts with a bullish movement in April this year with some unusual move in the volumes. Breaking the 9 Months resistance and going up 13% therefrom in a weeks time.
The Bullishness continues.. forming Higher Highs - Higher lows for the period May to July.
However, following the pharma sell off in late July, Support at INR 654 levels...
Glenmark can be a good bet in this recent fall due to new variants of COVID-19.
Rising volumes in last few trading session should also be noted.
Keep an eye in coming days.
NSE:GLENMARK
as one can glenmarke on harmonic support, one can go long for swing trade with stop loss as per their trade setup.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade...
NSE:GLENMARK
Support can be observed @ 470
Possible Targets:
1st: 538
2nd: 580
Correction is supported by 50 days SMA.
Volume has no major changes.
Before going LONG look at Volume and analyze.
Before taking any position analysis yourself.
Glenmark spot cmp 530
weekly time frame
Elliot wave study
Rising parallel channel structure
RSI with divergence
Inverted head and shoulder pattern
Rounding bottom formation.
all studies applying ,for long term view on chart,,
looks attractive seeing the chart
Lets see whats there in store..
