GLENMARK IN FALLING WEDGEJust for learning charts ....falling wedge formation in glenmark , once pattern breakout go for long for good returns...happy trading!!!
GLENMARK trade ideas
Glenmark pharmaGlenmark pharma near triangle support. Once the level of 750 broken and sustained then inverted head and shoulders pattern will be activated.
GLENMARK | Downside risk could be limited from hereGLENMARK | Downside risk could be limited from here
CMP : 578 (Dip : 550) (Buy 70% now, remaining in dip)
SL : 525
Target : 690
Almost 1:4 risk reward setup
Bbuy at retracement - 599.40 TG 616GLENMARK PHARMA showing reversal sign by making higher highs at support zone - possibly making a trendline breakout - wait for it and then buy at retracement - 599.40 TG 616
GLENMARK PHARMA NEEDS A BULLISH CONFIRMATION CANDLE TO GO LONGAfter making a recent High of 690 Glenmark has fallen steeply to the support zone at around 575-590 levels.
There is a Trend line support at 581.80 and even today the trend line has provided support in making a Doji type candle signifying indecision by the traders.
Now we need a strong Bullish followup candle to make up our mind.
Glenmark good long candidateGlenmark spot cmp 570
Counter have given breakout from falling channel structure and recently have given breakout from cup and handle pattern
But in dips till 540 levels
View gets negated below 520 levels
Targets are 650-700-750-800
Time horizon 1-2 months
Good long candidate,,,
Glenmark Pharma (1M)We can price is reacting strongly at the Monthly Swap Zone! But, also see the ascending triangle pattern breakout with a proper retest!
Now, 550 will act as a strong support for long term and stock looks good for investment for long term too.
Pivot Reversal Levels:
- Buy above 637.45
- Sell below 577.45
GlenmarkNo downtrend or price rejection is seen since March 26, which means no major resistance ahead?
GLENMARK - Price and Trend SetupStock is increasing strength as compare to MIDCAP index. Price raising along trend channel indicated on chart along with support levels. Support zone highlighted is last high volume supported price acted as resistance. Now price above previous resistance zone therefore can act as strong support for further run.
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Glenmark pharma inverted Head and Soldier PatternGlenmark pharma create inverted Head and Soldier Pattern.
Buy for long term ( 6-7 months )
GLENMARK ANALYSIS 27 JULY 2021As per price action we have seen heavy rejection from high level.
We have seen 14 percent downside in just 1 week also Glenmark broke 50 EMA.
Now Glenmark standing at support area 580 to 590 good buying area zone. wait for good lower price rejection then we will make good buying entry. If any case 580 level will break then we can see down side move upto 550 and 550 200EMA.
4 years resistance breakout in GLENMARK4 years resistance breakout in GLENMARK
With 4 good quarters
Target : 940
Glenmark - Uptrend breakout tradePrice breaks the pattern and reached the top to break the trend line. Its completely in uptrend - buy on lows !!!
GLENMARK MULTIYEAR BREAKOUT ?I wouldn't suggest anyone blindly take positions with me, I am just sharing my work. Investments are subject to market risk and this is not a trade recommendation.
TARGET: 900
GLENMARK | Strong support last 13 weeks - Looks good for 45%GLENMARK | Despite weak pharma sector i see the Glenmark is strong as M&M stock as it is taking good support last 13 weeks
Potential for 45% 😃
CMP : 475
SL : 440
Target : 690
1:5 risk reward setup - Weekly chart hence this a long trade.
At its important resistanceIf it break the resistance then no doubt u could take a position in Glenmark
