SHORT TERM SWING OPPORTUNITY IN MTAR TECHNOLOGIES LTD."MTAR TECHNOLOGIES LTD" is about to change it's weekly structure with a trendline support valid since 2021. Confirmation is above 2200 on closing basis. If the trade goes as planned, it is going to give a return of almost15% which is good. Stop loss will be planned once entry is activated. Target is calculated using the XABCD Pattern of Harmonics. Profit should be booked between 2500 and 2543 as it happens to be the PRZ area of the XABCD Pattern. Above 2600, it is going to test it's ATH again.
Shorttermswing
GLENMARK PHARMA MAY TOUCH ATH ONCE AGAINGLENMARK PHARMA is in a strong Bullish trend and has formed a Bullish Reversal (W Pattern) pattern in it's Daily timeframe. The neckline of the W pattern is already broken with a strong candle having decent volume.
Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive traders may hold a small quantity for ATH since there is a chance of profit booking from the Harmonic PRZ area (Area between Target 1 and Target 2). Between the PRZ area if a 15 minute candle breaks any swing low, all quantities should be booked immediately as market seems to remain highly volatile before and after election. It is an earnest request to keep position size as low as possible, because to save our capital in these volatile market conditions should be the only priority.