GLS trade ideas
GLS - Fractals and a re-ratingA repeating pattern in price/volumes. Bollinger bands tighten, positive MACD cross (awaited) and take off...All on a weekly scale so this one should have wings once it gets going again.
NOT ADVICE!! DYOR....
GLS just took off for at great run aheadwhat a rally, stock has just started its journy. The depth of the cup this time is almost 54%. Out of that we've covered around 25%. Let's see how much time it takes to the target.
GLS - Ichimoku Breakout📈 Stock Name - Glenmark Life Sciences Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1000.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Glenmark Life Science Date: 02.08.2024
Timeframe: Day chart
Stock: Glenmark life science
Remarks: Can trade according to given support & neckline areas.
BTST monday 1july , caution movetrendline breakout ,but a previous rejection is may be a bad move !!caution!!
GLS Post BO [Weekly]GLS is retaining its strength post BO last week with good volumes. Its gearing up to breach its ATH levels now. Just see how the price takes support on 50 DMA since the 10W/40W cross.
If Market breadth stays solid, this could be fun to ride. Keeping in watchlist for now to see if the price consolidates and gives an entry point.
I also saw ZYDUS flashing from lifesciences too.
Pharma as a theme is doing solid and is likely to retain momentum post consolidation (if any)
Glenmark Life Sci - nice long setupA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GLS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- possible Positive MACD Crossover
Disclaimer: This is for educational purpose only.
GLENMARK LIFESCIENCES - Swing Trade - 18th February #stocksGLENMARK LIFE SCIENCES (1D TF) - Swing Trade Analysis given on 18th Feb, 2024
Pattern: ASCENDING TRIANGLE
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #glenmark #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
Techno - Funda Pick: GLSTechno - Funda Pick: GLS
- Above all key Moving Averages
- Strong fundamentals with amazing ROE and ROCE
- Relatively cheap valuation which makes it very attractive at these levels
- Has broken out of multiple big bases with no big selling seen during accumulation phase
- Multiple shakeouts visible on chart to remove the weak hands
Strong trend: GLSMedium term buy call on GLS -
Rationale:
Above all key Moving Averages
Small Caps have started buying in Jan'24
Multiple shakeouts visible on chart to remove the weak hands
Has broken out of multiple big bases
Strong fundamentals with amazing ROE and ROCE
Relatively cheap valuation which make it very attractive at these levels
Glenmark Life Sciences Ltd - Long Setup, Move is ON...#GLS trading above Resistance of 847
Next Resistance is at 1064
Support is at 635
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Glenmark Life Sciences Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GLS | Swing Trade📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 8,022 cr
Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals Ltd, is one of the leading developers and manufacturers of select high-value Active Pharmaceutical Ingredients. The company further operates in Contract Development and manufacturing operations to offer services to specialty Pharmaceutical companies.
TTM PE : 15.87 (High PE)
Sector PE : 48.06
Beta : 0.55
📚 INSIGHTS
MC Insights PRO
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
3.00% away from 52 week high
Underperformer - Glenmark Life Sciences up by 3.14% v/s NIFTY 50 up by 8.32% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Glenmark Lifescience, cmp 798How simple is this chart?
1. On the verge of multiyear breakout.
2. Do your research.
GLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation B/OGLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation Breakout.
1) Time Frame - Weekly.
2) 6 months of consolidation broken in Daily Time frame With Huge Volume.
3) Stock will find a resistance around the price 799 (Previous All Time High).
4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
GLS GREAT COMPANY GREAT PATTERN The stock has been forming a rounding bottom pattern since 2021 moreover it has superb fundamentals which enhances further reliability in the stock the stock has broken from the cup and and handle pattern and the target for the same would be 1176 from a loger perspective
the company is a subsidary of gls pharma
GLS: Trading near IPO base breakoutGLS is looking good on weekly time frame. Stock is trading near IPO base breakout. Keep on radar for breakout.
Amazing breakout on Weekly / Daily Timeframe - GLSCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: This script is shared 1-2 days delayed. Sorry for the delayed charts.
bullish on long term 1 yearNSE:GLS : Strong Q4 results + tailwinds in high-value APIs & CDMO = . Bullish long-term! #pharma #investing Glenmark's got the mojo! Q4 profit jumps 48%, new product pipeline, and PLI benefits. Watch this space! #bullish #healthcare Loving Glenmark's focus on specialty APIs & innovation. Future of pharma right here! #longGLS #biotech
Glenmark Life science (GLS)Breakout with strong Volume
Ascending Triangle pattern
Target 790 to 800
Day and weekly breakout
