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.
GLENMARK PHARMA buy if break 400 and sustain,,SL 358,
TARGET 427, 470,500,535...ab yaha se UP TREND SHURU if 400 ke upar sustain kiya to we can see boom
NSE: GLENMARK
If Breaks Then The Targets could be Taken at 361
Time Frame :- 1 Hour
Patterns Name :- Double Top
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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NSE:GLENMARK
#NSE:GLENMARK 360 CE given today and it worked really well and bagged 14k/lot.
Further levels marked can be work as resistance.
Happy LEarning !!
NSE:PDSL
#NSE:PDSL view shared on our members request, check out the charts now.
If you find any stock looks good and need my view, you can always share your idea with chart and your reason to me, will reply asap.
Kindly use trading view chart for explaning your idea.
Happy LEarning !!
Glenmark Pharmaceuticals Ltd - 27.05.2022
The stock is trading @ 398 levels
There is a HAMMER & DOJI in Weekly Charts
The prices are below EMA
There is a HAMMER & DOJI in Daily Charts
There is a STOCHASTIC Bullish Divergence in Daily Charts
Let the prices go above 414 to initiate a BUY Position with support @ 376
watch out for the price action
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...
