Glenmark Pharmaceuticals LtdGlenmark Pharmaceuticals Ltd
Formed double bottom in weekly chart and consolidating since August....
Trade according to your risk tolerance..
GLENMARK trade ideas
Glenmark Pharmaceuticals Ltd - Cup & Handle, Head & Shoulders#GLENMARK
CMP:₹.855.50
Glenmark Pharmaceuticals Ltd operates is Pharmaceuticals - Indian - Bulk Drugs & Formln. Technically looking good.Stock near it's 52 week high now. Both the Cup & Handle and Head & Shoulders pattern identified in the chart. Waiting for a break out. Stock is tempting to break it's 4 year long resistance trend line. If it surpass this long trending susceptible resistance line the a 50% move can be acceptable. Brokers are also bullish on this stock.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
GLENMARK PHARMA PRICE ACTIONGLENMARK PHARMA channel bottom reversal on going deep retracement to going up wait and watch and enter this trade
GLENMARK: Strong 200 MA Support Signals Bullish MovementGLENMARK has consistently shown resilience and upward momentum every time it's graced the 200 Moving Average support. Once again, we're witnessing this pattern. The stock springs up robustly the moment it touches this pivotal support.
Traders, if you haven't yet, consider seizing that retest long entry. However, a word of caution - if it's moved too far away, it might be best to hold off and wait for another opportune moment. Strategy and timing are key.
How are you positioning yourself with this current movement? Chime in and let's share strategies!
Trade-20/100-GLENMAR-R:R Experiment-Buy20th trade in the series
Buying GLENMARK in DAILY positional trade
Glenmark Pharmaceuticals Limited - Long Setup, Move is ON...#GLENMARK trading above Resistance of 710
Next Resistance is at 842
Support is at 582
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout --Breakout stock
--Swing trade
--RSI uptrend
-- T-900
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser
Pharma Industry looking good📌Pharma Industry looking good
✅Keep an Eye
GLENMARK
+ Continuation pattern BO in progress
+ Validated with Volume
+ Trading above key EMAs
📢Not a buying recommendation
Glenmark all set for a 15% upsideGlenmark all set for a 15% upside
its in a symmetrical triangle formation.
Tgt 550 in next 5-6 months
keep stop loss of 435
GLENMARK Swing Trade (pullback)
Up-trending stock retraced from the higher level.
Trading on support zone, favorable time to enter or trade,
Good pullback trading opportunity.
Good R:R
GLENMARK PHARM BULLISH # GLENMARK PHARM #
# LONG TERM VIEW BULLISH
# BUY : 690-705
# TG - 1100-1140
# SL : 580
# R:R - 1:4
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Short Glenmark Below 771Short looks good to short below 771. Reason for trade Proper M Pattern formed on Daily chart. Also RSI is week.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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Glenmark Pharma08/07/2023
Glenmark Pharma
CMP: 689.25
BO above 736
Target:996-1262
Information is only for study purpose
Glenmark Pharma - Long - Rounding BottomRounding Bottom in Glenmark Pharma
Take entry above 685
Targets 715-756-839
SL 620
Trade-13/100-GLENMAR-R:R Experiment-Buy13th trade in the series
Buying GLENMARK in hourly POSITIONAL trade
Expecting Short Term Negative Trend In GlenmarkAs Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 782-779 Level then possibly It will test 740-720 level.
Considering This i am Planning to go for hedge Trade August Series.
Buy Glenmark 800 CE Near 33-34 and sell future Below 802, Stop Loss 811 Target 785,775
Investment Required 55000
Maximum Loss = 13000
Profit Upto = 26000
Offset = 1% Of capital
Only For Educational Purpose.
GLENMARK - Cup n handle pattern breakout - 8% upside potentialGLENMARK has given Cup n handle pattern breakout at 683 resistance level.
Target: 715+ then 740+
SL: 15 min candle close below 682
GLENMARK PHARMA - 140% RETURNS!!!BUY - GLENMARK PHARMA LTD
CMP - Rs. 449
Target - 1: Rs. 702
Target - 2: Rs. 914
Target - 3: Rs. 1061
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Technicals - 1) Harmonic Patterns - Anti Nen Star, Sea Pony, Leonardo
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comments - Target 2 and 3 will be achieved in the long term.
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GLENMARK BREAKOUT Glenmark daily chart is showing strengths followed by breaking falling resistance trendline and giving breakout on relative strength indicator too it is looking like that consolidation phase is over and get ready for further up moves in it that is why I am adding Fibonacci retracement indicator for helping coming resistances and targets too it is looking little complicated but once you will see carefully you will find the research which I want to mention in it..
Cause of Long-:
1- Falling resistance trendline breakout..
2- Relative strength indicator breakout..
Glenmark Pharmaceuticals Limited - Long Setup, Move is ON...#GLENMARK trading above Resistance of 582
Next Resistance is at 710
Support is at 420
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
