glenmark big move upcomingbuy or short as per symmetrical triangle breakout or breakdown. If short will trigger then sl is upper blue line or vice versa.
GLENMARK trade ideas
Glenmark: At supportGlenmark
CMP 624
The stock looks likely to be at support levels.
Target 680 / 700
Stop loss if trades below 602 on closing basis.
Take care and safe trading...!!!
GLENMARK: BUY AT 647 STOPLOSS 629 TARGET 673GLENMARK has traded with 3 times its average volume and looks bullish
BUY at 647
STOPLOSS 629
TARGET 673
I am not a SEBI registered analyst.
LONG in GLENMARK on NSE (INDIA)This is weekly chart of GLENMARK on NSE (INDIA) with CMP @ 665.55. It looks a good opportunity to take a long position in the scrip based on following observations:
1. Support zone has been marked on the chart where price has taken support multiple times in price band of 505-602. Now, the price has come out of this band indicating reversal.
2. It is also observed that price has shown reversal after retracing to 61.8% on Fibo against major bull run from March 2009 to Aug 2015.
3. Trendline drawn on the chart also shows multiple support as marked by arrows. The trendline so drawn also coincides with 61.8% retracement level as mentioned in the preceding point no. 2.
4. However, it may find some resistance in price range 710-715 as marked on the chart but price actions suggest that this resistance should not prove major hurdle.
5. Stochastic RSI is indicating oversold status with bullish crossover as marked on the chart.
In view of above, it looks a good positional long opportunity with stop @ 578 (swing low) with target @ 950 (major resistance above).
Happy trading.....
#GLENMARK CASH : GOOD SELL ONLY BELOW 588#GLENMARK CASH
10 OCT 2018
STRONG SUPPORT 588-589
IF SUSTAIN BELOW IT.. WILL GO 582-583/574/566
RESISTANCE ZONE 605-615 IN CASH
CMP 598.5
Emerging Pattern: Bearish Gartley : Emerging Pattern : Bearish Gartley
Reason for setup :
XABC points are formed on 30min charts
Trade Plan : CD Leg
explained in charts
Disclaimer : Educational purpose only not a recommendation
Glenmark - Break Down Below Cloud.Break Down Below Cloud.
Trend Line Break Down.
Below 50% Fibonacci.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Glenmarked bottomed out??Weekly support at 630 and 570 buy on dips.. downside less. safer bet in a tough part till the elections..
maybe slow and steady mover
NOTE: this is not trading/investment idea. do your own analysis
not invested.
