STRONG BULLISH VIEW
1. INR 50,000 crore fund raise via debt securities
2. Bank Deposits have risen 25% from a year ago
1. Ascending triangle (highlighted on chart) giving strong support
2. Evening Star (Bear Pattern) has formed at support clearly indicates the bearish pattern will fail, backed by bullish sentiments and news.
PS: I am a beginner. This is just my opinion. Only trade based on your analysis
-Glenmark announced the DCGI nod for selling of Fabiflu - Covid-19 med.
-Strong support between 390 and 400 (very strong at 394)
- Closed in its S/R zone of 408-415. If breakout above 418, can go till 432-437.
-Result on 26th June. Expected a positive result.
- If fall below 390,...
!! swing trading !!
!! follow 1:3 Risk Reward Ratio and 2% Rule !!
!! please note trade with caution and manage your risk !!
!! all views for educational purpose, trade at your own risk !!
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Profit booking and trailing is the important concept of trading which people ignore's many time , if somebody is following the chart it was clearly a resistance at 615 levels ( marked blue ) , now their is a gap lets see if it feel's up the 500 levels, !!!!!
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