Glenmark - Approaching Strong supportGlenmark ::
Approaching strong support currently
Looks weak below 1600
GLENMARK trade ideas
#GLENMARK Setting Up for a Pre-Breakout!💊 Stock Alert: #GLENMARK Setting Up for a Pre-Breakout! 💊
📈 Ready for Another Run: After a previous breakout attempt was halted by market volatility, #GLENMARK is now showing renewed strength, rebounding off support as the pharma sector gains momentum. This time, the stock is forming a Darvas Box—a strong indicator of continued bullish momentum. With these signals aligning, #GLENMARK is set for another bullish run, making it a prime candidate for a swing trade. 🔥
💡 Don’t miss this chance to position early for a potential breakout in the pharma sector! 👀
Target: 1950-2000
Stop Loss: 1695
Trade Risk Free Exit (20-30%): 1830
R/R Ratio: 2-3
📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼
#StockMarket #PharmaStocks #DarvasBox #PreBreakout #SwingTrade #InvestSmart
GLENMARK - 4th wave down startedGLENMARK CMP 1640
Whether you call it breakout retest or Wave.. A touchown to 1260 is very much due.. levels are marked for 4th wave targets..
Glenmark Glenmark
Maximum pharma sectors bullish now, This stock good resistance zoon, so 1810 Above not sustain take selling... Entry1780 Bellow close only
SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Glenmark pharma long callPrice Action and Trend Analysis:-
The stock has shown a consistent upward trend over the past few months, indicating strong bullish momentum. Recent price movements have formed higher highs and higher lows, which is characteristic of an uptrend.
The price level at 1700 serves as a critical support point. If the stock retraces to this level, it could provide an excellent entry point for buyers looking to capitalize on the anticipated upward movement towards the target of 2000.
Support and Resistance Levels:-
Support Level: The area around 1650-1600 has historically acted as a support zone where buying interest has emerged. Setting a stop-loss below this range minimizes risk in case of an unexpected downturn.
Resistance Level: The target price of 2000 represents a significant resistance level based on previous price action. If the stock successfully breaks through this level, it may signal further bullish activity.
Risk Management
Setting a stop-loss between 1650-1600 provides a safety net against potential volatility in the market. This strategy allows investors to limit losses while maintaining exposure to potential upside gains.
Continuous monitoring of market conditions and news related to the stock will be essential to adjust strategies as needed.
Conclusion
Given the current technical indicators and market conditions, buying at around 1700 with a stop-loss set between 1650-1600, targeting 2000, presents a favorable risk-reward scenario. Investors should remain vigilant regarding market trends and adjust their positions accordingly as new information becomes available.
GLENMARK // LEVEL // 3H"Welcome to SkyTradingZone "
Hello Everyone 👋
Let's take a closer look at the 3-hour candlestick chart for Glenmark Pharmaceuticals Limited (GLENMARK), a leading Indian pharmaceutical company.
Here are some key insights based on the 3-hour chart:
Current Trend: GLENMARK has been trading in an upward trend, with a slight pullback over the past few hours.
Resistance and Support: The stock has a strong resistance level at around ₹630-640 and support level at around ₹610-620.
Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock.
Momentum: The RSI (Relative Strength Index) is above 50, indicating that the stock is in an overbought zone.
Glenmark ShortPotential Reversal : 1645-1647
SL 1700
Target 1590,1555,1525
Trade should be initiated based on price action.
Ride with FlowGlenmark is one more example of confluence with level
Breaking previous week high as well as well as VAH(value area High
Only for education purpose
GLENMARK PHARMA READY FOR A GARANTUAN BREAKOUTThe stock has been forming a cup and handle pattern on the weekly time frame where the 965 level is acting as a crucial resistance however it can be shattered if the market sentiments favour and after that a prelonged rally , however a major concern for the company is its ailing balance sheet which shows quite concerning factors but for a swing trade it can be bought
ATH_GLENMARK_Hi Traders,
Happy to share this post since Tracking it from last couple of months and today it closed above Previous levels with Strong Bullish pinbar at 20 EMA support in uptrend.
Pros:-Bullish Pinbar in uptrend which is taking 20 EMA as support.
:- Energy is being stored from last couple of months to explode.
:- Pharma Sector Is positive with recent Results In Indian markets.
:-Go long Oct-2024 Futures.
Cons:-NA.
Happy trading!!Only for Educational purpose.
glenmark 9 year breakoutglenmark has confirmed a 9 year breakout. next as per fibonacci it will hit 3000 within 1 or 2 years so go long with sl at 1030
Glenmark - Head & Shoulder Glenmark making head and shoulders on a bigger and smaller timeframe. Moving towards a target of 1100+. Other factors:
1. RSI moving up
2. MACD becoming positive
3. Volumes steady
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
GLENMARK PHARMA : 2015 Breakout Potential Breakout of 2015 (#1263)
Daily Close above 1263
Movment is healthy on daily chart (Close was near to Day high)
Good Consolidation on Daily/monthly chart.
Moving in channel (Monthly Basis)
Any movement above 1300 will open below targets
Targets : 1450/1675/1830/2000/2150/2300
SL : 1230
This month maybe Range Breakout of 6 Years in GLENMARKStock Name-GLENMARK
TF-1M
Enter at CMP
If it closes above 750 in Monthly then it shoots upto Target-1
Range Breakout of 6 Years
For Long Term
Only my view.
(I am not a SEBI Registered)
$NSE:GLENMARK MORE STEAM LEFT?This is the monthly chart of NSE:GLENMARK and you can clearly see a breakout in July followed by a retest and now a continuation of the move. The counter looks strong and one can look to buy on dips for a favourable risk to reward ratio as the stock has moved up a lot with a stop loss of 680 on monthly closing basis for targets of 1000-1200 in the coming months
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
Glenmark Pharmaceuticals Limited - Breakout Setup, Move is ON...#GLENMARK trading above Resistance of 1027
Next Resistance is at 1262
Support is at 842
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Glrnmark Pharma's upward trend is notable. Can it be maintained?(1) Before, the price was strongly rejected around the 1250 level.
(2) Then, the price dropped by about 85%.
(3) Later on, the price found support near the 165 level and began to rise.
(4) However, the price was rejected again around the 690 level and dropped.
(5) After a significant increase, the price finally broke the neckline of the Double Bottom pattern and continued to rise.
(6) Finally, after nearly 9 years, the price successfully broke through its resistance zone and maintained its position above it.
Glenmark Pharma analyasis on 22 Jun 24Glenmark Pharma analyasis on 22 Jun 24
Rounding bottom breakout after Aug 2015
try to add some quantity now
add more after breakout and retest near 1150
keep stoploss 950
target 1200 - 1300 - 1500 - 1700 - 2000
rounding bottom target 2100
GLENMARK PHARMA for 75% (approx..) GainGLENMARK PHARMA is showing inverted Head and Shoulders Pattern Breakout on Monthly chart. Chart Pattern is 70% success rate and if it is show on higher timeframe success rate increase.
CMP : 690
TG : 1180
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.
Glenmark Pharma may reach 1262Because glenmark pharma close above 1094 a strong resistance, if it’s take support from this then it go for next resistance 1262 and also RSI DWM is 70, 72, 80 respectively. Let’s watch it.
GLENMARK PHARMA MAY TOUCH ATH ONCE AGAINGLENMARK PHARMA is in a strong Bullish trend and has formed a Bullish Reversal (W Pattern) pattern in it's Daily timeframe. The neckline of the W pattern is already broken with a strong candle having decent volume.
Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive traders may hold a small quantity for ATH since there is a chance of profit booking from the Harmonic PRZ area (Area between Target 1 and Target 2). Between the PRZ area if a 15 minute candle breaks any swing low, all quantities should be booked immediately as market seems to remain highly volatile before and after election. It is an earnest request to keep position size as low as possible, because to save our capital in these volatile market conditions should be the only priority.
