GLAXO trade ideas
GLAXO LONGEnter in GLAXO between 1450 and 1400....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediat target for swing traders will be around 1700,1850 and long term above 2000 easily......levels are marked........best buy if goes around 1250
GLAXO SMITH - 4H TF - Cup & HandleCup & Handle pattern forming on 4H Chart of GLAXO SMITHKLINE PHARMA. BUY 1650, Target(s) - 1700, 1730, 1750, 1770. Stock has been moving in quite choppy fashion since past couple of days, SL should be decided when it crosses 1650. It'll be great if forms a base somewhere in the late 1500s. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Glaxo IndiaGlaxo's chart attached... Following it from 1475, perfectly following the support, resistance lines.
Approaching All Time High level now, which will be around 1930-1940.
Take your decisions as per your risk profile. No recommendations.
Glaxo Resistance breakoutPrice breaking above resistance and support and 3 months AVWAP
Target 1750 ; Time period 1.5 months
Glaxo -- Stockastic RSI is getting started. 100/- upmove possiblGlaxo - CMP 1530
Target 1665 (2-3 weeks)
Stochastic RSI is getting started and just coming into the zone. should be bullish ahead at least with a gain of 5-7&% in a couple of weeks.
Good Luck
SL - 1490
Glaxo Smithkline P -Two competing channelsThe Short term downtrend keeps us out of the trade. Wait for a proper reversal.
GLAXO SHORT TERM TARGET 24-8-2020One can look fresh near 1500 level.. for upside 1700/1800 and even 2000 in med term possible too.. Refer chart..
Glaxo - 10% upside on breakout is nearing its breakout on upside. Can give 10% return in the short term upon breakout
Symmetric triangle pattern After good breakout from channel pattern, now formed perfect symmetric pattern. Another good move expected
Galxo_Long Call_36% upside potential29 June 2020
Glaxo (CMP 1493)
Inverse Head and Shoulder Pattern. It took 92 trading days for the pattern formation.
Long term is 552 points up from 1525.
Breakout above 1525 is crucial.
T1= 1709, T2= 1893, T3= 2077; SL= 1341
Target Date= 30 Oct 2020
GLAXO BUY CALL FOR SWING TRADERALL 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 FUTURE, OPTION AND INTRADAY TRADING
6.THINK BIG ONE DAY YOU ARE BIGG BULL IN MARKET
ALL OUR PRIVIOUS CALLS HIT PROFIT
Glaxo : TriangleOn a daily the counter is showing a strong base formation above 200 SMA. This triangle after a strong impulse is looking really hot. Won't b surprised if we see 1700 levels in no time.
How to play with Glaxo?It will be interesting to see how a strong fundamental MNC pharma Glaxo behaves in the upcoming week. Already, it is corrected ~18 percent. Immediate support is 1310 followed by 1280 and 1260. The first target would be 1680-90 followed by 1748.
