GLENMARK trade ideas
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 _/\_
Looking good for short and long termMultiyear trendline breaks. Looking good for long and short term.
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...
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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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
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.
Breaking Red Line leads to 573.95If the marked red line is crossed with good volume, we can expect a good move until 573.95
till then, accumulate... :)
Construction is typical but destruction is simpleSoon after Glenmark exited from a descending channel, it fell into a consolidation zone and during that time,
either,
i) accumulate the stock on the each dip
or
ii) Sell the options
Based on the options data, Glenmark may not cross 500 as there is a huge volume of contracts at that level.
That could be the reason why we have seen several ups and downs in the market
Sell when the price reaches the top of the red box and buy when the price reaches the bottom.
Accumulate on each fall.
Glenmark Monthly Swing Levels.Glenmark buy above 488 with first target at 494 second target 500 and third target 507
#Glenmark cash : Looks good above 490.10#Glenmark cash -Positional call
01.02.2021
Looks good above 490.10
and dips 482-485
stoploss 475
Tgt 518-520/590
Cmp 480
Glenmark - Near demand zoneStock many times reverse from this level(demand zone) .
Keep in radar for next week...
Chart is for education purpose only ...
Glenmark Pharma - Range Breakout above 530/532 closingGlenmark Pharma - Range Breakout above 530/532 closing - target 550 and 570 possible with 485 SL
