GLAND trade ideas
Gland Pharma - Descending Triangle - Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial.
- It can either breakout and go to 3350 level or breakdown and go to 3000 level.
- RSI is around 45, it is good time to accumulate this stock.
- There is high possibility that it may move sideways for sometime because of low volumes.
Gland Pharma made Descending Triangle on Hourly Chart- Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial.
- It can either breakout and go to 3350 level or breakdown and go to 3000 level.
- There is high possibility that it may move sideways for sometime
GLAND PHARMASWING TRADE:
GLAND PHARMA, gave strong trendline breakout and now doing retest, can enter now with SL below trendline. can give good move in small time.
Rising Wage Pattern Breakout - Retesting on ProcessGland Pharma is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure sugar etc..
The Stock broke out a rising wage pattern with good volume. The Stock has corrected from 3500 levels to retest its breakout levels. RSI has also settled and hovering around 60 levels.
The Company is one the best among pharma sector with no real peers in the Indian Market. The Company is debt free with string Balance Sheet. The Company posted excellent results for last quarter of FY 21 with an increase in EPS and Sales of 27% and 40% YoY respectively. Mutual Funds and FPI are holding around 22% stake in the Company.
Accumulate around 3100 levels after bounce. For Targets and SL refer chart.
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STOCK FOR TWO DAYS GLAND PHARMA LTDGood evening friends, We are today expressing our opinion on this stock if it is able to maintain the level 3280.it can give a blockbuster move of 200 points in short span of time say even in 30 minutes. For details please watch video.
We are not providing any recommendation or tip we are only expressing our opinion
Regards.
gland pharmachannel pattern bullish breakout.
price retest on trend line level.
and again bull trend continue.
Gland Pharma Cmp 2627.20 dated 16.4.2021Gland Pharma Cmp 2627.20 dated 16.4.2021
Three Patterns on chart
1. Rounding Pattern
2 Ascending Triangle
3. Ready for Cup & Handle Pattern
Buy for a tgt of 3000-3050 SL 2475
It is just a view, pls trade at your own risk
GLAND PHARMA BROKE THE UPPER BAND OF THE CHANNEL GLAND PHARMA HAS BROKEN THE UPPER BAND OF THE CHANNEL | CAN WE SEE FRESH UP MOVE ?????
Gland Pharma Breakout with heavy volumeGland Pharma Breakout with heavy volume..........................
GLAND PHARMAShort term trade
Gland pharma
Cmp 2647
Buy level
2610-2650
Stoploss below 2570 cl basis
Target- 2800 2900
Not an sebi registered analyst trade at your own risk
Glandpharma Long--IPO Stock BO of Gland pharma and now retest level
Target 3000-3500
IPO stock BO given
GLAND: Trend AnalysisNotes:
-Most likely will fill the gap 2428-2416
-Can tag the monthly trend
Invalidation
-Upper boundary of the gap (2428) can act as a support. If that happens then idea is invalidated.
#GLAND Re-test of BO done #GLAND Re-test of BO done
1. Good to BUY on DIPS
2. Accumulate upto 2530
3. CBSL 2430
4. TARGETs 2706, 2879, 3099,
3214, 3290, 3379+
