#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...
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...
Stock 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)
#GLENMARK trading above Resistance of 842
Next Resistance is at 1027
Support is at 710
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Reason for long
a) Pole and flag breakout possible
b) Pharma index is not support at this moment. Hence False breakout chances are heavy and So SL compulsory
c) Weekly breakout possible
d) Super vwap support
e) QQE support for long
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
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!!!
Reason for long
a) Weekly breakout possible
b) Entry criteria: Above PDH and first 15 min high( first 15 min candle is to be bull candle)
c) SL compulsory
d) Volume spurt
e) QQE burst
The 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
Hi every one
Glenmark bull run started so every dip you can start mutual fund sip swing trend in
f and o and cash segment
No buy sale tips
consult your financial advisor
A good possibility of a BO is in the making. If it can sustain then the higher levels (blue lines) can be achieved.
A strict SL should be followed (red line) and for best results, trail the SL based on something that is uniquely your own !
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To get long term consistency you must create your own system by absorbing what is useful, discarding what isn’t,...
Buy from cmp to 895
sl close below 894
easy tg - 915
tg2 - 923
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
