Glenmarkpharma
GLENMARK Long and Short Idea for Wednesday (11 NOV)Glenmark near Trendline Support on Daily Timeframe
It will be weak below 463 levels (Red line)
if it taking support at Trendline then good above 482 levels
Between 463-482 is no trading zone.
Glenmark : Trendline breakout, good buy above 508Glenmark has been consolidating since long and it gave a breakout from its trendline.
However, a good buy only be considered if breaks 508, SL to maintained at 480.
Disclaimer : The idea is only for educational purpose. please make any position after consulting your financial advisor.
GLENMARK PHARMANSE:GLENMARK For :- (Intraday & Swing Trading)
Look For BuY (After Breakout)
Entry :- 509
Stop Loss :- 490 or 480(Safe)
Target's 👇
1st = 550
2nd = 570
(Risk Must Be Managed.)
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Glenmark ShortIts a Narrow Cpr. Floor Pivots Says 200 SMA Hate candles. Take Short at 200 SMA...
Charts for educational purpose only
Glenmark pharma share for long entyStock of Glen mark pharma is in uptrend & at Weekly BO level . Buying level above the 495 level for the target price of 540 level with the SL of 475. RSI is making +ve divergence. Also on daily chart stock is forming the rounding bottom pattern which is again the sign of bullish. so add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
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GLENMARK PHARMA LONGThe price has formed a rounding bottom pattern on the 15 min chart, giving me a very bullish indication for the next week.
Buy @ 450
SL @ 435
T1 @ 483
T2 @ 495
GLENMARK[ POSITIONAL ] BEARISH setup
GLENMARK BEARISH
4 HOURS chart
HARMONICS CYPHER
bearish short setup
positional trade....
go long on glenmarkentry 450.75 stop loss is also same
watch for volume spike & breakout
T1 454
T2 459
T3 461
T4 467
T5 369
if hold for these level will extend rally 481 489 496 504
GLENMARK CHARTNSE:GLENMARK
Glenmark is forming ascending channel pattern in 1D view, good stock for midterm .
Can expect a decent price hike in upcoming months & has potential to go up.
PS: this post is for educational purpose only! Remember stock market is Zero Sum Game! Trade @your own risk!
GLENMARK Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Trade setup for GLENMARKThis is one of the better setups from the list of intraday stocks for tomorrow and so I wanted to share with you.
This is another of my price action strategy setup. Bandhan Bank gave almost 2% reward today, but I expect this setup to give around 1.5%-2% returns. I trade using a 5 min to take trades so I get better entry price. Levels are mentioned on the chart.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
Glenmark in Range BoundGlenmark Range Bound
A little upmove can be seen
in good market condition.
Resistance is around 439 while
Support is around 413.
If breakdown, we may see
level of 405-400 In near term.
Updated on : 20 July 2020 8.00am.
Disclaimer: Only for Learning Purpose.
Glenmark clear BUYMonthly chart -
Target 675 - 740
1. Price Volume breakout over trendline.
2. MACD positive cross over
3. RSI down trendline is broken on the upside.
4. RSI and William at favorable values supporting a BUY.
GLENMARK PHARMA Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
GLENMARK PHARMAWith the strong recovery of the pharma sector, Glenmark is at the pre-virus levels and has been attempting to breakout of the range. The sector has been in consolidation for several days and it may attempt a breakout to slightly higher levels. The pharma sector may not face sell offs in the midst of the pandemic, in my opinion.
Glenmark Pharma: A breakout! A keeper!Glenmark , just as my previous posts had a bullish divergence in the monthly chart! We were bullish since April end! The wait for a breakout happened this month and after a retest, It was a confirmed buy! Check out the charts, check out my last posts on motherson, infy , Dr reddy! They all had a similar setup! Now Glenmark has broken the Downward channel and this can be good in long term.
People who have missed it, you can enter on the retest of the channel.
So See If you are a trader on a daily timeline, and you have entered earlier this month on the breakout or the retest, you should book because of the excellent RR. But however if you are investing, This stock might get back into an uptrend and you can stick around for higher prices! It is a 5 wave channel breakout or if i can say breaking out and can form a new trend on the upside!
GLENMARK time to catch this move....?GLENMARK IS STRONGLY FOLLOWING TRENDLINE SUPPORT WITH RESISTANCES CAPPED AT 437 AND 458.THE ARROWS PERFECTLY CAN TELL US WHAT CAN BE THE SCENARIO FOR TOMORROW.
