Short Glenmark pharmaAccording to chart analysis the scrip is facing resistance at same level and making lower lows on Daily/Hourly TF.
GLENMARK trade ideas
Glenmark Pharma still under consolidation.
Glenmark Pharma is still under the consolidation phase for the past 3 and half months. Though there a more green candles with volumes unless it cross the previous resistance of 538 with a big green candle, the same trend of consolidation will continue. A new entry is suggested only with a confirmation of above 538 with good volume and a continuous range above 538.
GLENMARK - Broadening Triangle PatternWhy this Trade..??
1.Broadening Triangle Pattern
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Glenmark ......out of consolidation zoneThe stock is out of consolidation zone and has given a closing above its support levels. The stock is expected to rise further. The targets are shown on chart.
Rounding bottom with positive momentum !Stock seems to have given the confirmation of rounding bottom pattern.
Keys points mentioned on chart.
Please let me your thoughts !
Happy Investing !
Glenmark approaching for BreakoutGlenmark can be a good bet in this recent fall due to new variants of COVID-19.
Rising volumes in last few trading session should also be noted.
Keep an eye in coming days.
Glenmark Pharma Trade Setup For MondayAs you can see in the chart, Glenmark is testing 540 level, there is the strong Resistance at this point.
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Many times stock reversed from this level, now again on stock reversed from 540,
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So if stock goes above 540 on monday, you can buy this trade for target of 560.
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What's your view on this comment below in the box.
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Note: Maintain you stop loss as there is high volatility in the Market.
GLENMARK case studyGlenmark spot cmp 530
weekly time frame
Elliot wave study
Rising parallel channel structure
RSI with divergence
Inverted head and shoulder pattern
Rounding bottom formation.
all studies applying ,for long term view on chart,,
looks attractive seeing the chart
Lets see whats there in store..
Glenmark pharma at critical price levelGlenmark is near very strong resistance of 541.0. once it taken off, it may give good up move. Coincidently its also at confluence of 100 and 200 DEMA . Daily closing above this level may lead to rally. Rest detailed at chart
Disclaimer : This is for education purpose only
a Broadening top or the expanding pattern by john j. murphya broadening top .this type of pattern is unusually different pattern to trade and fortunately is relatively rare
by murphy
GLENMARK Monthly Chart Analysis 23.11.2021Glenmark has entered into the consolidation zone and once it breaks 641 level then Target 690 is achievable.
glenmark pharmaThe stock is in the formation of inv head & shoulder pattern and has already completed left shoulder and head and now startng to form right shoulder...with good price action ...enter at blue line , tgt green line n sl red line as mentioned in the chart
💊 #glenmark on support NSE:GLENMARK
as one can glenmarke on harmonic support, one can go long for swing trade with stop loss as per their trade setup.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
GLENMARK Pharma Analysis | For Educational Purpose OnlyNSE:GLENMARK
Support can be observed @ 470
Possible Targets:
1st: 538
2nd: 580
Correction is supported by 50 days SMA.
Volume has no major changes.
Before going LONG look at Volume and analyze.
Before taking any position analysis yourself.
Buy Glenmark pharma with closing SL of 513 target are in chart.Buy Glenmark pharma with closing SL of 513 target are in chart. Below are reason to support this .
1. Around 4% change in Open interest .
2.RSI showing breakout and retest.
3.candles are also on breakout.
intraday/swing trade idea glenmark near 540 level stock rejected many times if this time it breaks and able to sustain then we may see a good momentum in intraday and in coming weeks also for swing trade
for educational purpose only
Glenmark-Breakout possibleI'm not a SEBI registered analyst, so please do your own research. Happy trading
#Glenmark cash : Looks good above 540.10#Glenmark cash -Positional call- Dont miss it
15 Nov 2021
Looks good above 540.10
Stoploss 525
Target 557-560/580/640
Cmp 536
glenmark investment idealong in delivery only above trendline and yes candle must not form with long upper tails watch out for this and target for long is 575 good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
GLENMARK levels...08/11/2021(D Candle)GLENMARK exactly hold supporting point and reverse to start in bullish, will expect 600+ soon
20% move guranteed if it crosses 540..Grab opportunity, good movement can be seen after 540. Maintain your risk with higher targets and lower SL…
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
