share name : glenmark pharma call type : poistional or investmnet - share is forming a diamond pattern - head and shoulder on bigger time frame - a good consolidation can be seen for the level of 540 - act as a huge resistance - we can accumulate this share at level 490-480- 470 with sl of 450 - approchable targets 700,1000, 1200 ++ thanks
The Scrip is trying to move out from a range after almost 5 months of consolidation, The Scrip was on a LL pattern on monthly/weekly chart but looking like it is about to break the trend. For Swing traders Can initiate longs once price sustain above 410 for a target target of 40 points, SL below 410 on Day closing basis, #Note - The idea is shared for...
Glenmark Pharmaceuticals Ltd - 27.05.2022 The stock is trading @ 398 levels There is a HAMMER & DOJI in Weekly Charts The prices are below EMA There is a HAMMER & DOJI in Daily Charts There is a STOCHASTIC Bullish Divergence in Daily Charts Let the prices go above 414 to initiate a BUY Position with support @ 376 watch out for the price action
NSE:GLENMARK #NSE:GLENMARK formed Ascending triangle. Levels marked for practice. Happy LEarning.
Glenmark...nice structure Cmp 516 high probability setup for a possible upswing soon
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 Buy-Above 500 Sl-470 Target- 545 580 600 This is Pullback 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.
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be a breakout post accumulation for last 190+ bars (approx. 1 year). Volumes are high which supports the breakout. Moreover, close price is near the high of the candle. RSI above 70 indicates high momentum. SL: 460₹
Stock Of The Month - Glenmark Buy On Monday Closing Price - 529.65 Strict SL - 435 (Weekly Closing Basis) Target - 700/900
Buy At Cmp 495 Strict SL - 478 Target - 550
SHORT STRATEGY when price breaches 455.20 levels confirm it with retest then enter the trade. exit - 407 (there is support level at 407 - if bears are still strong with increasing volume then hold it till you see otherways) FUNDAMENTALS - glenmark fake rumor on covid vaccine had increased the price of the share drastically, later there was a correction in...
Round pattern formed. can reach 500,520,550
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.
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.