Glenmark - BuyAt strong support levels
If market takes support then this Pharma Stock will rock first
GLENMARK trade ideas
Glenmark Ltd Long @ Rs. 495 or belowNSE:GLENMARK
Entry 495
Target 610
SL 458.8
Stock is trading at CMP 495. stock has consolidated since last few months and looks this phase is now over. It has shown strong support at current levels.
Stock has monthly supply zone at 615 and above.Buy in cash and hold for 2 months.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
glenmark short term swing (long above 512)Glenmark buy above 512 with first target of 522 and second target of 530.
Strictly my personal view. I can be completely wrong.
Do your own analysis before trade.
Glenmark - Symmetric Triangle pattern activatedThe price is not able to make a newer high and is struggling to make a newer lows. A symmetric triangle is clearly visible and we can expect a good breakout soon.
Glenmark - caught in a rangeI come across a lot of tweets/posts in various forums that Glenmark is a buy and will shoot up - the truth seems that it is caught in a definate range portrayed by the two red lines. But one thing I agree that the upper range seems to 560 odd levels.
The problems? let's see. Since I study Ichimoku Charts - the Chiku is not free (for those who understand what I am saying)
I would prefer to buy it when the RSI hits around 40 level and then hope that it gives me 550+ on cash levels atleast.
Wait this space for more...
Area of Confluence Glenmark PharmaHello guys it is clearly visible on chart that Glenmark has cuurently positioned itself at a very important level where it can go either side,
so wait for the directional bias and ride the trend!
-Rv The Trader
Glenmark is good to go longLet's wait and see. I am not entering this trade. Posting it for educational purpose.
Seems to be bullish!!! Analysed levels mentioned on chart!!!
For any queries ping me into the inbox!!!
Regards @MrAkshatP
GLENMARKIm not an expert im just sharing my views on GLENMARK for tomorrow
Im not responsible for any profit or loss this is not a recommendation
GLENMARKIm not an expert im just sharing my views on GLENMARK for tomorrow
Im not responsible for any profit or loss this is not a recommendation
570/650 can be aimed with decent R:RFutures OI is in decrease while price are going up, indicates short covering. But soon we can see long build up.
things you should know before buying GLENMARKglenmark has highest ever volume in weekly chart but candle is bearish.
company is growing as per long term numbers.
Buying around 480- 520Glenmark is moving in upward direction slowly. Now consolidating around channel pattern. It has given breakout in weekly and now after breakout from this channel It can show fast move. Target and sl are placed on chart.
Looking good Red trendline. Can keep SL yesterday's lowLooking good Red trendline. Can keep SL yesterday's low
GLENMARK - UPPER TRIANGLE BREAKOUTPrice forming an upper triangle pattern. Go for long position once resistance is broken with good volumes and strong candle. For stoploss and target, refer chart.
GlenmarkBit sideways
Now testing breakout levels
For Short Term Remain BULLISH till its staying above 509
Critical Resistance above 550.
Remain Cautious below 509
Bearish below 456
GLENMARK - LONG SIDEGLENMARK after a breakout now tested the support. One more green candle may confirm the upside SWING from the support to test the Previous High or even can create new high.
