Glenmark Ascending Triangle formation Glenmark Ascending Triangle formation
bullish only above 410 closing for tp of 457-460
sl 378 on dc basis
GLENMARK trade ideas
GLENMARK - Ichimoku Bullish Breakout Stock Name - Glenmark Pharmaceuticals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 453
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
#GLENMARK ANALYSISAs we can see that pharma sector started to trade above 200 DMA, and all pharma companies showing good green colours, follow chart for proper entry and exit. Auropharma worked well as analysed.
GLENMARK on Breakout; above 445 for Intraday on ThursdayGLENMARK on Breakout and with good volume; above 445 on Thursday 23 Feb for Intraday gains
-------------------------------------------------------------
INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Glenmark Pharma BreakoutGlenmark ready for big upmve abv 455
Massive breakoutt
Delivery buy
460 ce MARCH FOR PTIN BUYERS
hello guys glenmark for short side sell glenmark if crosse below 442 i think the selling will be trigger below 442-440
There Is SHORT covreing going on in glenmark lets see it on next week
Glenmark Pharma _ On breakout lineTesting the strong resistance line which has been respected so many times earlier with a momentous volume stunner . Expecting a good move
Glenmark Pharma massive upmoveGlenmark is all set to for big breakout bv 445-450 level
Abv that can be massive strength
450 ce
Glenmark Buy for Target 480- 500-536- 565- 600- -645- 690+Glenmark Buy for Target 480- 500-536- 565- 600- -645- 690+
Sl Below 400 candle closing basis
Glenmark Pharma BreakoutGlenmark pharma Perfect breakout
Ready to move once cross 446 & 452
455 calls
Breakout stocksGlenmark stock clear breakout in weekly time frame it can reach the target within 3-6 months long term also can consuder
Glenmark Pharma - Long Bullish only above 435 wkly candle close
Go long only above 435 weekly candle close. Look out for volumes to enter. Keep a close watch
Bullish flag pattern reversal in GLENMARKGLENMARK
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing bullish flag Pattern.
📊It can give movement upto reversal target of 432+.
📊It can give movement upto Breakout target of 458+.
📊There have chances of Breakout of Resistance level too.
📊Can Go Long in this stock by placing stop loss below 419 or last swing low.
GLENMARK PHARMA (PRICE ACTION ANALYSIS) share name : glenmark pharma
call type : poistional or investmnet
- share is forming a diamond pattern
- head and shoulder on bigger time frame
- a good consolidation can be seen for the level
of 540 - act as a huge resistance
- we can accumulate this share at level 490-480-
470 with sl of 450
- approchable targets 700,1000, 1200 ++
thanks
Bearish RSI divergence in GLENMARKAs seen in today's trading session, GLENMARK stock is trading in bearish RSI divergence pattern, so reversal entry will take new high level of 445- and its short reversal target can be upto below 420 level.
GlenmarkNice rounding bottorm formation and handle formed now its breaking out of the handle and the previous resistance..
GLENMARK - Rounding Bottom pattern - 16% potential upsideGlenmark has formed rounding bottom pattern. Currently trading strongly near resistance zone of 405-410 levels.
A daily candle close above 410 levels will confirm upside move. We may look for targets of 455 and then 480 levels.
SL: Daily close below 400
View: 1-2 month
Glenmark good to add in watchlistNSE:GLENMARK
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
GLENMARKBuy @ cmp 428 & in dips till 375 | MCBSL 347 | Tgt 490_525 / 570_595 / 690_730+
MCB above 736 will be a big BreakOut for further upside extension
Glenmark pharma Glenmark Pharmaceuticals Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, India.
Support and Resistance level
