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GLENMARK PHARMACEUTICALS LTD.GLENMARK PHARMACEUTICALS LTD.GLENMARK PHARMACEUTICALS LTD.

GLENMARK PHARMACEUTICALS LTD.

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GLENMARK trade ideas

Glenmark pharma share on bullish trend.Clear we have seen the bullishness of the stock of Glenpharma on Daily & hourly chart. The formation of Flag pattern on hourly chart is clearly visible. So we can take the stock for long entry above 392 for the next level of 408 . After this a minor resistance zone at the level of 410. Once the stock cross & sustain the level above 410 then the next level is 435. So add the stock in your watch list for next trading session. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
NSE:GLENMARKLong
by Tech_stock_trader
GLENMARK PHARMA - 1H TFHourly Candle not getting the upside push. Sellers activates in the 356-357 range and it falls back down to 345 odd levels. Then it gets a push upside with a big green candle supported with volume but there is no lateral move and it is the same story again n again. Observe the hourly candles in the parallel channel, it needs a close above 356 and above 360 WITH VOLUME. That will be the final nail in the coffin for this stock. On downside, be ready to sell below hourly close of 340 as the stock exits the channel of 340-360 and enters a new one with range of 325-340. Sell on rise around 339-341 after it breaks 340 WITH VOLUME. SL 345.1. Similarly, hourly close above 345 can be traded for upside till 350.
NSE:GLENMARK
by c0dchef