GLAND trade ideas
GLAND PHARMAHarmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality.
Here's a short note on trend analysis based on harmonic patterns:
Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points.
Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming.
Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal.
Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade.
Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy.
Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools.
Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style.
In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
ROCKETThe information on this site is for educational purposes only and is not investment/trading advice/research and may be delayed. Please do your own research before making any investment decisions. The Materials on Site are provided on an 'as is' basis. The data feed for the website is sourced and curated using automated algorithms from various data sources. The comments and opinions are based on automated formulas. These are prone to errors of automation.
BREAKOUT, GLAND PHARMA, 120% RETURNS!!!BUY - GLAND PHARMA LTD
CMP - Rs. 1617
Target - 1: Rs. 2184
Target - 2: Rs. 2773
Target - 3: Rs. 3504
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Here's the link to the previous chart -
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Timeframe - 4 months - 18 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Gland Pharma freezes at 20% upper circuitGland Pharma freezes at 20% upper circuit on strong June quarter show
The firm's gross profit margin was up 700 bp year-on-year (YoY) to 63 per cent for Q1 due to lower raw material costs. On a sequential basis, gross profit margin improved by 900 bp from 54 per cent
Shares of Gland Pharma were locked in the 20 per cent upper circuit at Rs 1,612.60 on the BSE in Tuesday’s intra-day trade after the company reported improved financial performance for the June quarter (Q1).
The firm's gross profit margin was up 700 bp year-on-year (YoY) to 63 per cent for Q1 due to lower raw material costs. On a sequential basis, gross profit margin improved by 900 bp from 54 per cent.
Gland pharma - A perfect bottomGland pharma made nearly a perfect bottom here. Huge volume spike at the bottom and multiple divergences on weekly RSI and MACD. Made a higher high with a 20% upper circuit today. Entire pharma sector is outperforming. Its one of the most lagging stock in pharma sector. Still down almost 63% from ATH. Its a very good buy for long term.
GLANDGLAND
Red is 20EMA
Market Broke above Swing High
Entry-980
SL-950
TGT-1-1190
TGT-2-1450
R:R-1:65
*EXIT METHOD*
1ST TGT With SL (50%)
(50%) Wait for 2ND TGT With SL Cost to Cost or Trail
*Entry Tips*
*Aggressive traders can consider buying above the high of the breakout candle.
*Safe traders wait for a retest of the breakout level and then enter a buy position.
*Aggressive traders will have big Stop-loss with small Target.
*Safe traders will have Small Stop-loss with Big Target.
*Don’t Rush to enter the Trade.
*Disclaimer*
This analysis is for educational purposes only, and I am not a SEBI registered analyst. Please conduct your own research and consult with a certified financial professional before making any investment decisions.
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Trend Analysis, Chart Patterns,Candlestick Analysis,Price Action,
Technical Indicators,Support and Resistance, Supply and Demand,Trendline,200EMA,Swing Trade,Positional Trade,
Inv Head and shoulder after long down trendAfter very long down trend pharma sector is showing sign.
A short term uptrend in Gland pharma is possible which can take prices to 1720.
Considering recent quick up move risk (SL) become high. So waiting for some cool off in price will be good idea before purchasing.
gland pharma - looks goodBased on the chart analysis, it appears that the stock is reaching a potential bottom point. This is indicated by a bullish divergence pattern at the all-time low, which typically suggests a possible reversal of the downward trend. Additionally, the stock has recently broken through a short-term resistance trendline, indicating a possible upward momentum.
Disclaimer:
However, it's important to note that these are short-term trading strategies and should be used with caution. It's always a good idea to consider the overall market conditions and the company's fundamental analysis before making any investment decisions. This is only for educational purpose.