GLENMARK trade ideas
Glenmark - At Support.Positional View.
Other Details Mentioned In Chart.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Potential Weekly BreakOut in Glenmark PharmaAfter 3 year,s bear trend a weekly downward sloping channel breakout in Glenmark Pharma
posible trend reversal in glenmark pharma.
The trade set is positional for Glenmarke Pharma
Glenmark Mid Term to Long Term BullishLast final wave is about to complete. Maximum downside is 400/-. Above 590 the bulls will have power and may hit price to 750-800
Next Possible Move I am looking this as they are making channel , and they will likely challenge 580+ before making any Major corrections
Lets see how it moves
GLENMARK PHARMA At SupportAfter more than 61.8% Retracement it is showing consolidation on the weekly chart.
This is a good time for long term investors with small stoploss at Support.
A breakout will take it upward.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART BEING UPLOADED FOR EDUCATIONAL AND STUDY PURPOSE ONLY.
Glenmark - IS that an ED? Deceptive pharmas, looks long Possible ED - if right sharp rally once Diagonal taken out
My PredictiveEngine's Intraday call(05-Jun-18)-Glenmark-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 05-Jun-2018 for Glenmark
Buy Above: 541.4 for targets -
T1: 545.5
T2: 547.9
T3: 550.4
SL: 537.1
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
clear buy at 350 ....for triple targets....for 1 yearaccumlate at 350 targets 1000 above for 2 years
GLENMARK PHARMA LONGFormation of big W is taking place,after conformation one can enter long.
Entry=531
TP=580
SL=490
GlenMark P LongLooking at chart,
Above Red line, tgt would be blue line
Chart is for study purpose only
Next Possible Move I am looking the correction is not over yet , current price is an Just short covering , I will be looking further drop near 460 and reverse in order to Go for Long term Investment
Gelnmark – Double BottomAs mentioned yesterday, a reversal in pharma seems around the corner.
The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up.
Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582.
(However, keep an eye on the results)
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
