GLENMARK levels...08/11/2021(D Candle)GLENMARK exactly hold supporting point and reverse to start in bullish, will expect 600+ soon
Glenmarkpharma
GlenMark Pharma : Multiple Support AreaGlemark Pharma is in multiple support area . It lies in Trendline Support , Horizontal support , previous resistance as support and 0.382 retracement support . It is a Pure Support Trade
Glenmark Ready to Bounce BackGLENMARK
Buy-Above 530
Sl-510
Target-580 600
This is a pullback trade as of now. It may me a long buildup candidate after some time.
GLENMARK Levels for 11-OCT-21(1-3 days) Buy above 532 for 3,7,12+++
Sell below 524 for 3,7,12+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Glenmark Pharma Inverse H&S patternGlenmark Pharma try to forms inverse H&S pattern can buy 515 and add more if come 470 for target 800 and 980 soon
GLENMARK
Target:- 740
Stoploss:- 510
By analysis of the chart of Glenmark Pharma , we can easily see that stock has already take support on the support line and shown bullish candle. So we can enter in this point.
RSI also in oversold position, and directing upward.
GLENMARK Bullish Trend Alerttrend Details
1. primary trend chennel formation movement
2. secondary trend Rasing wedge pattern formation move up
3. red line upper level trade price you can expect the next speical circular level
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Glenmark Multiyear Breakout Glenmark Pharma is on multiyear breakout. The next immediate target is 705. Weekly chart looks very promising for holding as well as for swing trade.
Glenmark : Nice move possible on MondayStock looks good both for swing and intraday.
For swing keep SL as 615
For any queries on chart (Fibonacci, Resistance zone, TL BO) please drop Qs in comment section
Glenmark support level at 601-602. Enter if support holdsGlenmark showing strong support levels at 601-602. Enter if support holds, target 635+
Glenmark LongPrice touch monthly supply zone so might be do some correction.
According to near untouched weekly demand zone we can get entry
Entry-578.5 near about
Profit-870-900
Invalid below- 530
GlenmarkThanks in advance for your support
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Glenmark PharmaGlenmark Pharma - CMP 599
Breakout candidate with good volumes. If it sustains the breakout then can expect initial target of 650/700.
Glenmark Pharma – Resistance Breakout above 531Stock has also broken out of Bearish Channel of 356 Points.
Target for same – 470+356 = 826
Fundamentally Stock can be valued at 776*30 ie 23280crs vs Current Market Cap of 15909 crs
Hence at 825 Rs Stock will be Fairly Priced
Technically Stock has broken and retested important Resistance level of 531. Hence more upside can be expected.
Long term Targets – 735, 940, 1154
SL – 514.85 (Weekly Close)
Duration -3 Years
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Rest of this year belongs to PHARMA now!NSE:GLENMARK has upside to witness further after it broke all time high.
The 45MIN chart here shows support area to which it will test its fall and reverse from the "Box of Price Reversal"
