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 purposes and not a recommendation.
ALL LEVEL DISPLAY IN VIDEO
FOLLOW THE RULES GUYS
1. BUY ONLY WHEN STOCK PRICE HIT BUY LEVEL
2.STOP LOSS IS VERY IMPORTENT
3.1ST TARGET HIT BOOK PROFIT WAIT 2ND TARGET CHOICE IS YOURS BUT TRAIL YOUR STOP LOSS
4.IF YOUR CAPITAL IS 1 LAC
YOU ONLY INVEST 5000 TO 8000 IN ONE STOCK
NOT PUT ALL YOUR MONEY IN ONE STOCK
BECAUSE MARKET IS UP AND DOWN NATURE
5.DO NOT TRADE...
