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.
NSE:GLENMARK For :- (Intraday & Swing Trading)
Look For BuY (After Breakout)
Entry :- 509
Stop Loss :- 490 or 480(Safe)
1st = 550
2nd = 570
(Risk Must Be Managed.)
Keep Your Eyes On Index
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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
ADD REPUTATION ON IDEA AND GIVE THUMPS UP. OR FEEDBACK FOR CORRECTION ARE ALSO WELCOM E
TREND IS YOUR FRIEND OTHERWISE ITS YOUR END