GLENMARK trade ideas
[ INTRADAY ] 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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Expect a major movement soon!Above 523, stock is all set to become a rocket with only possible resistance between 539-540.Once that's cleared, brace for 600+ soon.
Glenmark Pharma Trend Swing TradeGlenmark Pharma is having a good Trend reversal if it closes above breakout price of 515. CMP 513
Swing Trade:
Buy Glenmark Pharma at 515
SL 485
Target 575
Duration 2-3 Months.
Long Opportunity in GlenmarkBuy above 550/ below 510 with 490 SL on a closing basis. As price is trading in a narrow range. Let it decide direction by itself. No trade in a range.
GLENMARK (Trend)-Is the correction over? I think so.
-There is ultra high volume on the last candles
-Good to enter. My SL 512.
Clear head and sholders patterns madePlay for long term and get 125% target for time frame 1.5 to 3 years
Glenmark pharma preparing for breakoutGlenmark pharma preparing for breakout. Lower high lower low formation broken. Formed double bottom at support zone. About to breakout double bottom patter.
Swing Opportunity in GlenmrkGo Long above 544.1 for Targets of 570.5, 596.9, 623.3 and 649.7 with SL 517.7
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 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 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.
Glenmark PharmaBuy-530-534
SL-515 Below Closing Basis
Target-600-620-660
Time Frame-2 Months
Low Risk High Reward Setup..
Pharma Index Is Ready For The Breakout & Heading Towards The 15K Mark.
Buy Glenmark at /near cmp 531Buy Glenmark at /near cmp 531
tgts 558/578/598
@sl own risk
Its a positional one
Just follow the Price Action!Stock is making a "W" pattern after making a Double Bottom. Can be bought at CMP for Target at 200MA, maybe around 550.
GLENMARK intraday trade idea for 13th Sep#GLENMARK : entry and exit levels on the chart (refer black/blue lines). Place SL@0.5% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter. #INTRADAY
Glenmark Analysis with 50 MA, 20 MA, 10 MA , support Resistance Well its not a prediction, its just asking for a review, whether i am on a correct track.
I have also use Fibonacci retracement with 10 MA , 20 MA, 50 MA and i think that Buy @ 550 with the target of 600 is possible.
XABCD harmonic patternA harmonic pattern is formed in Glemarmark. Also, it is respecting the Fibonacci retracement.
Intraday Trade in Glenmark(for 2nd Sep 2021)Cadila looks to rebound from lower support levels.
Becareful as this is first rebound, thats the reason it has given for intraday trade.
If breakout above 533-534, it might reach 544 - 550 with stop loss of 525
Risk-Reward ratio : >1.25
A bounce frm Oversold region .Offers good R:R ratio.Go longtwo back to back green candles in the oversold region which is also at good support region.Can go long with above mentioned target and stoploss.
GLENMARK
Target:- 740
Stoploss:- 510
By analysis of the chart of Glenmark Pharma , we can easily see that stock has already take support on the support line and shown bullish candle. So we can enter in this point.
RSI also in oversold position, and directing upward.
A good swing/positional opportunity(20%) || GlenmarkThe stock was in a downtrend for a few weeks and now it is showing signs of reversal. Can be bought for 1st target of 580 and 2nd target of 630. CMP-529 and SL will be 495 on a closing basis. A 1:3 Risk Reward Ratio. HIT the like button if you liked my analysis and Do FOLLOW for regular swing trading ideas
GLENMARK bottomed out, right time to buy, dont miss dipGlenmark is standing near its very strong support currently and there is no reason foir the stock to correct further, the RSI is as low as 22, and i expect it to stand back strong to its previous high.
