One of the darlings of the IPO market from 2020. The stock has often got support at this level, if the stock breaks 2110 it could fall back alot more and maybe even revisit the IPO day price. If you own the stock be cautious of the price movement next week.
Formation of Head and Shoulders Reversal Pattern as well as Descending Triangle seems to indicate bearish move on the stock. Volumes not giving a clear indication though.
Disclaimer: I am still learning Technical Analysis and am trying to apply the concepts learned.
Good in demand zone ..and delivery volume is high for the past one week ..
Delivery Percentage is above 65-75%
Good at buying 2220-2250. Target 2450-2500
The stock is forming an ascending triangle and trying to break it to go on higher side.
SL can be placed according to personnel risk apatite.
NB: This is not a stock recommendation, sharing my views only.
GLAND is forming a cup and handle pattern. If it breakout the neckline of the pattern, it will be a good opportunity to go Long. so keep an eye on this. Levels mentioned in the chart.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
Ascending Triangle forming on 2H Chart of GLAND PHARMA. Double Top = 2440. BUY above 2440-2450. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
