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 IS TRADING IN A VERY TIGHT RANGE....... Good Risk-Reward Ratio........
Glenmark Pharmaceuticals Limited trading in channel for long time. breakout possible now
Glenmark pharma is attempting to break out of an inverted head and shoulders pattern. Buy for the targets of 580/600/620.
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.
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..
Glenmark has entered into the consolidation zone and once it breaks 641 level then Target 690 is achievable.
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 exactly hold supporting point and reverse to start in bullish, will expect 600+ soon
GLENMARK Buy-Above 500 Sl-470 Target- 545 580 600 This is Pullback trade
Glemark 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 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.
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 try to forms inverse H&S pattern can buy 515 and add more if come 470 for target 800 and 980 soon
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.
trend 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