At its important resistanceIf it break the resistance then no doubt u could take a position in Glenmark
GLENMARK trade ideas
Glenmark Intra- Swing View-BreakoutGlenmark : Intra/Swing View
Breakout Done
Long above 683 with SL 670
Intra SL is 680
Realtime breakout trade
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.
This is a very aggressive buy so I may get stopped out. But I am experimenting.
Glenmark Pharma is in Consoliation. Glenmark Pharma is been consolidating in this range from the last 2 weeks.
Keep this on your watchlist .
breakout can give 5-8 % easily.
GLENMARK Bullish Trend Alerttrend Details
1. primary trend chennel formation movement
2. secondary trend Rasing wedge pattern formation move up
3. red line upper level trade price you can expect the next speical circular level
GLENMARK PHARMA -WATCHOUT FOR BREAKOUT INTRADAYBUY ABOVE 672
TOUCHING RESISTANCE MULTIPLE TIME ,
WILL GIVE BIG MOVE IF IT BREAK WITH GOOD MOVE
#Short term Buy #Glenmark#buy #glenmarkpharma. if you see the stock in a higher timeframe, the stock has broke the trendline, retested and moving up. accumulation is happening at frequent intervals. buy and hold the stock for short to midterm for the tgts mentioned in the chart
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Glenmark making a Cup Pattern Bullish above 672Its just come of a Rising Wedge Pattern which was a bearish Pattern and now making A Cup Pattern.
Go long above 672 for a Target of 705
Glenmark forming a Rising Wedge Pattern- Stay Invested or ExitGlenmark forming a Rising Wedge Pattern- Stay Invested or Exit.
A Pattern within a Pattern. A long Term Rising Wedge Pattern and a triangle pattern within it.
To go long it has to break the triangle pattern first and the 52 week high at 658.20 and the trend line. The RSI is also falling.
Iam in a dilemma whether to exit now or to wait for my Target at 705.90.
EXPANDING DIAGONAL IN GLENMARK PHARMASEE CHART FOR TARGET...........
PLEASE TRADE ON YOUR OWN RESEARCH.....
Please give comments ...
STILL AM A LEARNER.................
glenmark weekly analysis hello this is a chart of glenmark in weekly analysis here we can see a good breakout
Glenmark Multiyear Breakout Glenmark Pharma is on multiyear breakout. The next immediate target is 705. Weekly chart looks very promising for holding as well as for swing trade.
