Glaxo Breakout from accumulation zone Glaxo shares are in accumulation zone and is candidate for new life highs Pharma index breaking new highs rounding bottom structure in formation .
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2.06%
36.80INR
6.107BINR
32.517BINR
169.406M
About GLAXOSMITHKLINE PHARMACEUTICAL
Sector
CEO
Bhushan Akshikar
Headquarters
Mumbai
Website
Employees
3.68K
Founded
1924
ISIN
INE159A01016
GlaxoSmithKline Pharmaceuticals Ltd. engages in the business of manufacturing, distributing and trading in pharmaceuticals. Its prescription medicines range across therapeutic areas such as anti-infective, dermatology, gynecology, diabetes, cardiovascular disease and respiratory diseases. The vaccines products include prevention of hepatitis A, hepatitis B, invasive disease caused by H, influenza, chickenpox, diphtheria, pertussis, tetanus, rotavirus, cervical cancer, streptococcus pneumonia and others. The company was founded in 1924 and is headquartered in Mumbai, India.
GLAXO - Weekly AnalysisIn the Weekly Chart of GLAXO ,
we can see that; After W pattern breakout it has given Cup & Handle breakout.
Let it retest and then Enter with SL and Target.
GLAXO | FAKEOUT OF DESCENDING TRIANGLE?The descending triangle is a pattern that leads to big explosive moves once price breaks out either side of the triangle.
Here in Glaxo, the price does seem have to broken to the downside, but the candles formed in the yellow box above, do seem to suggest a fake breakdown.
The formation of a Bulli
Swing Trade opportunity in GLAXOSwing Trade opportunity in GLAXO.
Entry - 1240
Target - 1330
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
GLAXO - Double bottom breakout - 30% upside potentialGLAXO has given double bottom break out on weekly timeframe with divergence and rising volumes. It is a good trend reversal indication.
Target is coming to 1900 levels.
SL: Daily candle close below 1335 levels.
Note: This stock has been in correction since last 7 years. May turn out to be 2x/3x oppo
GSK Pharma- Ready to breakout?As explained, Glaxo is looking strong for a reversal near support trendline. Trendline breakout can be a beartrap.
RSI positive divergence in weekly TF is supporting the analysis. Best buy is near 1265 with SL below 1227 and target of 1345+.
However, this idea is shared just for educational purpose
Glaxo: Strong Double bottom and BO with strong volumes on weeklyGlaxo: Strong Double bottom and BO with strong volumes on weekly chart.
Strong BO of 1350 is happening after 7 months.
Buy above 1404
Targets: 1416/1430/1445
SL: As per risk capacity
Disclaimer: Im not SEBI registered, Contact your financial advisor before taking any trades.
Bullishness!Chart -> Glaxo Daily
3 recent resistances broke in single candle. Shows the bullishness!
CMP: 1390
Good Range: 1330 to 1390
Targets: 1490, 1590, 1690
SL: 1290 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please
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