20% move guranteed if it crosses 540..Grab opportunity, good movement can be seen after 540. Maintain your risk with higher targets and lower SL…
GLENMARK trade ideas
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Swing Opportunity in GlenmarkGo Long above 516.1 for Targets of 540.75, 565.4, 623.3, and 590.05 with SL 491.45
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support around 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. The stock may go till the supply zone (marked with red color) where it may face resistance. Our final target is just below this zone.
dip in glenmarkNSE:GLENMARK
may go up side in dipp inverse head shoulder bullish sign rally may countinue
inverted cup & handleinverted cup & handle is forming but I'm not sure about a breakdown, please see your opinion
[POSITIONAL] GLENMARK LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Glenmark- Looking bullish.Accumulate around 515 to 530 level, small resistance near 540 if it closes above near term targets can be seen within short span.
*Only for educational purpose
GlenMark Pharma : Multiple Support AreaGlemark Pharma is in multiple support area . It lies in Trendline Support , Horizontal support , previous resistance as support and 0.382 retracement support . It is a Pure Support Trade
INVERTED HEAD & HOLDER PATTERN ON GLENMARKBUY : 515 TO 525
TARGET : 691 TO 810
Reason For Buying This Script :
In this script it is forming inverted head & shoulder patter in monthly time frame . Now the price is in right shoulder. Try to accumulate every dip. Don't miss this opportunity.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
GLENMARK - BULLISH ON MONTHLYGlenmark being fundamentally good company can be a short term positional trade after last month high is taken out.
invest with care
thank you
educational purpose only
Glenmark Ready to Bounce BackGLENMARK
Buy-Above 530
Sl-510
Target-580 600
This is a pullback trade as of now. It may me a long buildup candidate after some time.
GLENMARK Levels for 11-OCT-21(1-3 days) Buy above 532 for 3,7,12+++
Sell below 524 for 3,7,12+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
GLENMARK GLENMARK CMP 527 SL 500 CB TGT 600,670
After falling continuously took support near previous breakout. favorable RR
Glenmark Pharma Inverse H&S patternGlenmark Pharma try to forms inverse H&S pattern can buy 515 and add more if come 470 for target 800 and 980 soon
