Struggling at 500 if breaks 570 is the targetPrice after the big move settles at 500 range for a longer time and its time to break this level. If breaks this level then ATH is the target.
GLENMARK trade ideas
Glenmark...something is coming upsomething is happening in this stock, even after the news of highest sales, Glenmark didn't move as expected.
Not just this, this share didn't give any good upside since the announcement of COVID medicine.
However, rest of the pharma shares doubled, tripled since from that date.
1)With the results coming up,
2)Glenmark near Breakout levels of the Descending Trendline,
3)Near Trendline support
We can get a clear confirmation. Until then, HOLD STILL....
Please comment what you are thinking about my view
GLENMARK PHARMANSE:GLENMARK For :- (Intraday & Swing Trading)
Look For BuY (After Breakout)
Entry :- 509
Stop Loss :- 490 or 480(Safe)
Target's 👇
1st = 550
2nd = 570
(Risk Must Be Managed.)
Keep Your Eyes On Index
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--Any Suggestions--
GLENMARKGLENMARK POSTING ONCE AGAIN AS REMINDER...TOO MUCH OF ACCUMLATION GIVES TOO GOOD A RESULT
ANY SIDE BREAK AND RETEST ENTER FOR GOOD REWARD
GLENMARK Short Term/IntradayStaying above 495 can move towards next resistance.
As of now at trend line resistance
Glenmark - Price - saucer formationObserve the pattern and trades happening. Target 650 & beyond is what I observe.
Buy above 519 levelBig resistance 519 on daily charts..if this level breaks...next breakout will possible
Glenmark...519 big resistance..above 519 next breakouts Glenmark...on Daily charts above...519 level...buy
Weekly levels (28 september to 02 October 2020) - GLENMARKweekly levels for 28 september to 02 October 2020
GLENMARK is Making Rectangle Channel Pattern (Breakout Trade)Glenmark Pharmaceuticals Limited : Pharmaceutical Company ( NSE:GLENMARK ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
