Glenmark pharma Glenmark Pharmaceuticals Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, India.
Support and Resistance level
GLENMARK trade ideas
Bearish flag pattern reversal in GLENMARK.GLENMARK
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of bearish flag Pattern .
📊 It can give movement upto the Reversal target of below 385-.
📊There have chances of breakdown of Support level too.
📊 After breakdown of support level this stock can gives strong Downside rally upto below 250-.
📊 Can Go Short in this stock by placing stop loss above 428 or last swing high.
Expecting a breakout in Glenmark PharmaceuticalsNSE:GLENMARK .
Expecting a breakout in Glenmark pharma as the stock has been consolidating for many days between 350 - 410 range.
Also RSI forming higher highs which could be a positive sign.
Breakout above 412 looks good and there is a 200DMA on 420 level. Above which could be safer entry( to be checked along with volume of the breakout). Expecting the stock to move to 500 range for short term.
If the stock retrace after breakout , expecting 410- 400 to be a immediate support.
I have shared my views as part of study purpose not any recommendation. I am studying stock market and believe sharing could help improve my knowledge
Glenmark good bottom formation and Breakout#Glenmark forming as very good bottom for last few weeks. and now coming out of the congestion.
Seems good candidate for reversal. CMP 413 can be taken for 455/480/510 SL 374
swing trade in glenmark pharmaglenmark phrama is making channel Glenmark Pharma is making canal as on daily timeframe as i already mark in the chart. we can plan a upside swing trade if it breaks upside and then retest it.
buy 430
stoploss 390
target 480
Breakout of Glenmark PharmaBuy Glenmark Pharma above 410 with Terget 470 in near term with Stop Loss-400
FOCUS GLENMARK PHARMAVanakkam Makkale. Focus Glenmark pharma, after breakout. It's forming ascending triangle pattern and let's wait for the priceaction to decide with proper risk reward and money management.
Glenmark breaking out from a structure The Scrip is trying to move out from a range after almost 5 months of consolidation, The Scrip was on a LL pattern on monthly/weekly chart but looking like it is about to break the trend.
For Swing traders
Can initiate longs once price sustain above 410 for a target target of 40 points, SL below 410 on Day closing basis,
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
GLENMARKNSE:GLENMARK
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Watchout for range breakoutThe stock has been consolidating in a range and looks good for further upmove above 411 level.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Glenmark - Inverted H&S Pattern = Very BullishGlen Mark Pharma has consolidated long enough and formed Inverted H&S pattern and ready to fly high. Down side is limited and upside is enormous.
A Rock Star in the Making.-)
Glenmark-Holding the support levelBuy around 365-373, keeping SL around 360 on closing basis. Target, 384,395,400, 410
*Note- Only for educational purpose
#Glenmark cash : Looks good above 375.50#Glenmark cash for 1-2 days
29 aug 2022
Looks good above 375.50
Stoploss 369
Target 384/390
cmp 372.45
Parallel channel pattern in GLENMARK.Discription:
Stock Name: GLENMARK.
Chart Pattern: Parallel channel pattern
Time Frame: 1D
Entry: Reversal From support level
Targets: Reversal Target 418+ (up to Resistance level)
GLENMARK PHARMAA method in which traders buy at the support trendline and sell at the resistance trendline level for a given stock or option.
GLENMARKPHARMA BULLISH SINGNALGLENMARK TRENDLINE BREAKOUNT
technically best range to take long
fundamentally the stock was gaining positives
mutualfunds are pumping into this stock glenmark
GLENMARK T1 Hit, T2 UpdatedNSE:GLENMARK
#NSE:GLENMARK T1 reached and T2 Updated !!
All the analysis shared in earlier chart.
GLENMARK Triangle BO !!NSE:GLENMARK
#NSE:GLENMARK formed Beautiful symmentrical triable and given BO.
Sustaining above trendline/400, may show very good momentum.
SL for safe players can mark 383.
Target Open.
*Only for Practice.
GLENMARK - Chance for Triangle Breakout Glenmark Pharma is showing a Symmetrical triangle pattern in the daily time frame and there is a chance for make or break in the upcoming days.
Look out for Volume breakout !!!
Buy Price: Above 406.5
Stop Loss: Below 358
Target 1: Above 448
Target 2: Above 491
Down Trend is also possible due to weak earnings !!!
Sell the stock if it breaches the stop loss value.
GLENMARKNSE:GLENMARK
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
#Glenmark cash : Looks good above 392.10#Glenmark cash - Positional call
11.08.2022
Looks good above 392.10
Stoploss 380
Target 404/420/440
(Risk free if sustain above 402)
Cmp 389
2 Amazing Trades and Indepth Index Ideas for 12 Aug I daily make educational content videos on financial markets
