GLENMARK trade ideas
Glenmark Pharma making Higher High'sGlenmark pharma seems to be good bullish stock for swing trade with multiple confirmations.
Tgt 1 - 664
Tgt 2 - 682
Tgt 3 - 706
** Educational Purpose only.
GLENMARK - Elliot Eave CountGlenmark is looking to start Wave iii of 3 which is expected to be a big move.
It can achieve 750+ levels. The view is invalid below 578.
Note - This is not an investment advice. Please do your research.
Glenmark Chart Analysishere is a chart analysis of glenmark, There is a breakout of flag n pole pattern with a good volume.
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Glenmark Long6th-7th May candles daily demand zone created new life time high , so based on this recent un-touched demand zone trade setup
Entry -582.75 near about
Target -1:2 trade or up-to strong supply zone 870-900
Pole and Pennant breakout opportunityGlenmark has been forming a Pole & Pennant formation. The volume has dried up since the Pole formed and with earnings expected soon, the stock can be considered to be in a nice Volatility Contraction Pattern.
GLENMARK 1D TF Almost half a year's Range Breakout with supporting volume.
Sharp up-trend followed by consolidation in form of a flag.
Currently at support, A price volume breakout from here could target 638.
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Glenmark support level at 601-602. Enter if support holdsGlenmark showing strong support levels at 601-602. Enter if support holds, target 635+
Glenmark LongPrice touch monthly supply zone so might be do some correction.
According to near untouched weekly demand zone we can get entry
Entry-578.5 near about
Profit-870-900
Invalid below- 530
DESCENDING TRIANGLE BREAKOUT IN MONTHLY CHART OF GLENMARK PHARMAJUSAT FOR EDUCATIONAL PURPOSE , Breakout seen in monthly chart of glenmark - huge potential in upside expected - 850/970/1250/1400 longterm targets
GlenmarkThanks in advance for your support
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