Checkout 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...
the stock is currently in oversold region and at the important strong support.A inside bar with huge volume shows buyers interest and iam also interested to park some cash in this stock but with disciplined levels.watch out
Reason for long a) pull back set up b) super trend support for long c) consolidation breakout and pull back set up d) SL compulsory
Glaxo shares are in accumulation zone and is candidate for new life highs Pharma index breaking new highs rounding bottom structure in formation .
Reason for long a) consolidation weekly breakout b) Mr.14 Set up c) Triangle breakout d) super trend support f) channel support g) super vwap support SL compulsory
In the Weekly Chart of GLAXO , we can see that; After W pattern breakout it has given Cup & Handle breakout. Let it retest and then Enter with SL and Target.
The descending triangle is a pattern that leads to big explosive moves once price breaks out either side of the triangle. Here in Glaxo, the price does seem have to broken to the downside, but the candles formed in the yellow box above, do seem to suggest a fake breakdown. The formation of a Bullish Harami cross, with heavy volumes suggest more buying down...
Buy above high of breakout candle at 1339.35 stoploss at 1305.3
Swing Trade opportunity in GLAXO. Entry - 1240 Target - 1330 DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
GLAXO has given double bottom break out on weekly timeframe with divergence and rising volumes. It is a good trend reversal indication. Target is coming to 1900 levels. SL: Daily candle close below 1335 levels. Note: This stock has been in correction since last 7 years. May turn out to be 2x/3x opportunity if gains good upside momentum in coming days. Strictly trail SL.
GLAXO W pattern breakout, looking bulling for swing entry
Glaxo: Strong Double bottom and BO with strong volumes on weekly chart. Strong BO of 1350 is happening after 7 months. Buy above 1404 Targets: 1416/1430/1445 SL: As per risk capacity Disclaimer: Im not SEBI registered, Contact your financial advisor before taking any trades.
Chart -> Glaxo Daily 3 recent resistances broke in single candle. Shows the bullishness! CMP: 1390 Good Range: 1330 to 1390 Targets: 1490, 1590, 1690 SL: 1290 Daily Close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Stock looks good at the current levels for swing action. Good volume and price action seen. Check chart for target.
Head & Shoulders pattern is formed in Glaxo Smithkline indicating bearish sentiments & correction >> Target 1235
SELL below the low of brakedown candle with 1:2 minimum take profit
stock given trend line breakout also it was resisting on 50 DMA but here it clearly get above the MA
GLAXO LONG Triangle formation on weekly basis and expecting reversal from the triangle's shadow levels. Upper levels targets 1473 - 1535 Can move further as 1591 - 1674 - 1844 and above. No recommendation. Just view