GLENMARK 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 :...
Short looks good to short below 771. Reason for trade Proper M Pattern formed on Daily chart. Also RSI is week.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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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...
A Perfect breakout happend in GlenMark Pharma at 1D Candle & Looking at Weekly chart its also looking best now we can see such good move in Upcoming Session.
KEEP AN EYE ON IT.....
Short Glenmark pharma below 633. Reason for short Trade, Stock is trading in consolidation for 4 days Breakdown of this consolidation zone can give good move till 615.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Glenmark Pharma is trading just 1.65% away from 52 week high of 487.55.
Glenmark Pharma broke out from ascending channel with a formation of Cup & Handle kind off pattern.
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...
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
Vanakkam Makkale. Focus Glenmark pharma, after breakout. It's forming ascending triangle pattern and let's wait for the priceaction to decide with proper risk reward and money management.
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...
NSE:GLENMARK
#NSE:GLENMARK formed Beautiful symmentrical triable and given BO.
Sustaining above trendline/400, may show very good momentum.
SL for safe players can mark 383.
Target Open.
*Only for Practice.
