Glenmark 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.
Bullish divergence in weekly chart. Price above the trendline
Monthly 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.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
With 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 , 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...
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.
Glenmark pharma forming bearish pattern.One could look for shorting opportunity.
Glenmark Pharma stock moving in a parallel chanel and preparing for breakout .keep your eyes on this stocks if it brek the upper chanel then stock can test the 380 upper chanel . in case the stocks breaks the lower chnnel in downside direction then the stock can show kajor fall in upcoming trading days .