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 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.
THE NEW FIBO STRATEGY GAVE US EASY 1 %
.
IT GAVE UPPER BO FOR LONG BUT SHOWED ITS REAL FACE
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TL COULD BE DRAWN AFTER SOME MINUTES
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FIBO RETRACEMENTS HAPPENED AND WOO HERE WE GO FOR 1 %
NSE: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.)
Keep Your Eyes On Index
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--Any Suggestions--
Glenmark Pharmaceuticals Limited : Pharmaceutical Company ( NSE:GLENMARK ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke...
IF CANDLE OF COMING DAY IS BEARISH 490, 480
AND IF FOLLOW THE TREND 520 530
AAP LOG AGREE HAIN KYA
IF YES
ADD REPUTATION ON IDEA AND GIVE THUMPS UP. OR FEEDBACK FOR CORRECTION ARE ALSO WELCOM E
TREND IS YOUR FRIEND OTHERWISE ITS YOUR END
