Gland Pharma Cmp 3608 dated 29.11.2021
TRIO Breakout
1. Triangle BO @ 3620.
2. RSI already had BO.
3. Volume BO
Buy above 3620 for a tgt of 3675-3735-3775-3825-3900
Ultimate tgt of 4225 SL 3480
It is just a view, pls trade at your own risk.
The stock has come into its key support levels or could further move towards its 200EMA. (3200)
Watch with caution and don't rush into entering it..if the stock is going to bounce wait for it to base properly. If you own it..if it falls below 3200 do not hold it coz then the cut will be much much sharper.
Gland Pharma is making a flag and pole pattern and might give a breakout of the channel very soon in coming days. When we see the Fibonacci it has taken support from 0.382 level. Let it break the channel and it may be a good stock to go LONG
There is unusually less action observed in Gland Pharma in Weekly Charts, and in Daily Time Frame it has taken Support in 50% retracement level, there is a high chance that it can give a huge brakeout on upside if the overall market supports it.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
gland pharma to breakout above 3770 as you can see above chart three consecutive day stock has gone to 3766 but not above that level so take trade when stock go above 3770 and stop loss is 3600 and target are 3900/4000/4050 . i recommended stock few days go when it was on it support level but stock was coming to this level and going back so this update of that...
buy gland pharma at 3700 target of 3900/4000 stoploss is todays low 3640 . stock has fallen 5 percent in 5 days , so stock will bounce back in this week or in coming days
I will buy GLAND because :
The price is accumulating at support
It is taking support and can show big move
The stock has good fundamentals also
Entry : 3844/3750
Target : 4818/5000
Stop loss : 3647
GLANDPHARMA has formed a Double bottom pattern at the support level, so there are good chances it will rally from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Gland Pharma Ltd. manufactures pharmaceutical ingredients and injectable formulations. It offers injectables including vials, ampoules, pre-filled syringes, lyophilized vials, dry powders, infusions, and ophthalmic solutions. It carries out its operations through the following geographic segments: USA, India, Europe, Canada, Australia, and Rest of World. The company was founded by P. V. N. Raju in 1978 and is headquartered in Hyderabad, India.
NSE
