Gland pharma positional pickgland pharma follows the a clear downward trend and a previous support at 1 hr timeframe was the resistance now which was held at 3754 to 3803 now the parellel trend channel end was in that resistance only .one can buy this scrip if breakout sustained above mention level.
GLAND trade ideas
Gland Pharma - Key support levelsThe stock has come into its key support levels or could further move towards its 200EMA. (3200)
Watch with caution and don't rush into entering it..if the stock is going to bounce wait for it to base properly. If you own it..if it falls below 3200 do not hold it coz then the cut will be much much sharper.
Gland Pharma - Golden RatioChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
breakout tradegland pharma to breakout above 3770 as you can see above chart three consecutive day stock has gone to 3766 but not above that level so take trade when stock go above 3770 and stop loss is 3600 and target are 3900/4000/4050 . i recommended stock few days go when it was on it support level but stock was coming to this level and going back so this update of that idea . if anyone want take a fresh position they can take and hold old position who have .
Double Bottom Pattern in GLANDPHARMAGLANDPHARMA has formed a Double bottom pattern at the support level, so there are good chances it will rally from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
GLANDNote:
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