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Glenmarkpharma

Glrnmark Pharma's upward trend is notable. Can it be maintained?(1) Before, the price was strongly rejected around the 1250 level. (2) Then, the price dropped by about 85%. (3) Later on, the price found support near the 165 level and began to rise. (4) However, the price was rejected again around the 690 level and dropped. (5) After a significant increase, the price finally broke the neckline of the Double Bottom pattern and continued to rise. (6) Finally, after nearly 9 years, the price successfully broke through its resistance zone and maintained its position above it.
NSE:GLENMARKEducation
by GoodluckCapital
GLENMARK PHARMA for 75% (approx..) GainGLENMARK PHARMA is showing inverted Head and Shoulders Pattern Breakout on Monthly chart. Chart Pattern is 70% success rate and if it is show on higher timeframe success rate increase. CMP : 690 TG : 1180 SL : Below 21 EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery & VWAP. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on Daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
NSE:GLENMARKLong
by SthitaprajnaYogi
GLENMARK PHARMA MAY TOUCH ATH ONCE AGAINGLENMARK PHARMA is in a strong Bullish trend and has formed a Bullish Reversal (W Pattern) pattern in it's Daily timeframe. The neckline of the W pattern is already broken with a strong candle having decent volume. Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive traders may hold a small quantity for ATH since there is a chance of profit booking from the Harmonic PRZ area (Area between Target 1 and Target 2). Between the PRZ area if a 15 minute candle breaks any swing low, all quantities should be booked immediately as market seems to remain highly volatile before and after election. It is an earnest request to keep position size as low as possible, because to save our capital in these volatile market conditions should be the only priority.
NSE:GLENMARKLong
by rtfofficial1618
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.
NSE:GLSLong
by raigvivek
GLENMARK BREAKOUT Glenmark daily chart is showing strengths followed by breaking falling resistance trendline and giving breakout on relative strength indicator too it is looking like that consolidation phase is over and get ready for further up moves in it that is why I am adding Fibonacci retracement indicator for helping coming resistances and targets too it is looking little complicated but once you will see carefully you will find the research which I want to mention in it.. Cause of Long-: 1- Falling resistance trendline breakout.. 2- Relative strength indicator breakout..
NSE:GLENMARKLong
by AMIT-RAJAN
GLENMARK - Ichimoku Bullish Breakout Stock Name - Glenmark Pharmaceuticals Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 453 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:GLENMARKLong
by nikunjbhadja
1
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