Glenmark : Nice move possible on MondayStock looks good both for swing and intraday.
For swing keep SL as 615
For any queries on chart (Fibonacci, Resistance zone, TL BO) please drop Qs in comment section
GLENMARK trade ideas
GLENMARK PHARMA POSITIONAL TRADE OPPORTUNITYStock was in long time Downtrend last year prices given nice Breakout of downtrend and sustaining above that level.
From last 2-3 month price is in very strong Uptrend and u can see nifty pharma as well in nice uptrend
Positional Trade Opportunity
BUY @ 650. Add more above 700 for Tgt of 900, 1100, 1300+ with SL 400
One must hold it for minimum 6-8-10Month time period
This Stock is very good as per investment view also
GLENMARKAfter consolidating for a month it has given breakout from trendline. Buy above 658 Tgt 8 to 10% SL 615. For educational purpose only. Kindly contact your financial advisor before entering any trade.
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
