Glenmark buy around 460 levelsBuy Glenmark for Positional around 460 levels as it is on Strong Fibo Level 61.8 on daily chartsby rishabhthareja081
Glenmark Looks weak, Breakdown expexectedAll observations on chart. Taking support around same levels, now recently made a new high then again started testing the support with lower highs. This indicates buyers are trapped and support is weakening Don't attempt a breakdown trade. Expecting a breakdown in few days.Shortby varadtambolkar3
#Glenmark cash : Looks good above 470.10#Glenmark cash -Positional call 23.02.2021 Looks good above 470.10 Stoploss 460 Target 484-485/498 cmp 466.45Longby anandnst1110
GLENMARK possibility of breakout (support level) SHORT STRATEGY when price breaches 455.20 levels confirm it with retest then enter the trade. exit - 407 (there is support level at 407 - if bears are still strong with increasing volume then hold it till you see otherways) FUNDAMENTALS - glenmark fake rumor on covid vaccine had increased the price of the share drastically, later there was a correction in price. glenmarks recent quater result were not imperessive due to wish there was selling pressure in market. Shortby financialeducationwithnanditha115
GLENMARKPHARMA - TriangleTriangle forming on Daily Chart of GLENMARK PHARMA. BUY or SELL accordingly after analyzing on lower TF. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.by c0dchef1
Time to decideGlenmark is making lower high lower low pattern from 2017 on monthly chart Every since it didn't try to change its pattern. During the Mar'20, it formed a new low. It tried to alter it's pattern by breaking the previous low in June 20. However, it didn't happen and since then it is near the previous lows only. Now is the TIME TO DECIDE whether or not the market is going alter the GLENMARK's pattern Reason Being: 1) Fundamental - - PE of Glenmark is 17.53 while the sectoral PE is at 41.03 which clearly indicates that the share is trading at cheaper levels. - Over the last 5 years, revenue has grown at a yearly rate of 10.13%, vs industry avg of 7.29% - Over the last 5 years, net income has grown at a yearly rate of 29.93%, vs industry avg of 3.94% - Q3 results are really good showing a strong base in Indian Market. Fundamentally, It is strong and based on the valuations, it is available at a very good price. 2) Technical - - It came out of the Descending channel which explains that it is on making new highs. - So, if the Blue lines are broken, it will reach ultimately to 1262 atleast. - Based on the trendlines, it is evident that if it breaks the red trendline marked in the graph, it gives a confirmation that the share will take the fall and ultimately reach to a new low which could be around 119 probably. - However that cannot happen based on the Fundamentals. Company is not that weak to touch 119 - So, we can expect a breakout tomorrow considering the support line. If the Blue lines are broken, 700 level can be seen. If we see the 520+ Level on monday, we can expect the end of the lower high lower low patternLongby BenQ_J0
It's a TRAP, bewareGlenmark is not falling below 490, and all the option sellers were not satisficed with the profits they have earned by now. So, they simply lifted the share price only to throw it down and nothing else. I suggest all the call option buyers and equity buyers to exit now and find a better share...!! Possible up move until 513 and can fall heavily from there.... Happy TradingShortby BenQ_JUpdated 1
Glenmark - The Run for the upside is over...!!Until 25th, people cannot see any major moves in this share. All the option premium is drying rapidly than ever from Feb 5th onwards. Today's premium fell beyond the Feb 1st rates.....Soo disappointing. Good amount of shares were struck in the hands of Big investors. Just by selling 4.6 lakhs shares, price dropped by Rs.20/- Better leave this stock for good and find any other better stocks. Even though it breaks any of the blue lines, it doesn't matter. It'll stay in the consolidated zone for a bit more longer time. EXIT....EXIT....EXIT _/\_Shortby BenQ_JUpdated 0
Looking good for short and long termMultiyear trendline breaks. Looking good for long and short term.by inderjeetpandey27224
GLENMARKA POTENTIAL DOUBLE BOTTOM PLUS INVERTED HEAD AND SHOULDERS JUST AROUND THE CORNER THE SCRIPT HAS MADE A GOOD BASE AROUND THE PINK ZONE Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading.Longby SENSITRADE_TUpdated 0
Glenmark on a lookoutPerfect triangle pattern formed.... keep on radar for a breakoutby Thunder918442
GLENMARK - Trendline ObservationsTrendline Observation(s). A simple trendline breakout on Hourly Chart of GLENMARK PHARMA. BUY 512.10 -> 520. 523. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.Longby c0dchefUpdated 1