GLAXO trade ideas
Expecting Breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
Buy GlaxoBuy Glaxo, Stoploss 1470 Target 1600
Study: Trendline Support of 1500,Stock is trading near trendline support which is showing uptrend.Price is making Higher High and Higher Low
Gsk is taking support at its Trendline.The share does not offers big move more often but it is still capable of a swing trade.
Glaxo- Uptrend can startGlaxosmithkline having high volumes near 200 EMA and on the verge of falling trendline breakout. Base has been formed as highlighted on the chart. Supertrend is already positive in daily timeframe. Can move towards 1850 levels but might take time.
Super Breakout is ahead ✌✌This scrip is forming a beautiful pattern. So traders keep on your Radar and enjoy the profit.
5 year long breakout + triangular pattern breakout5 year long symmetrical triangle in getting converge
recently formed triangular pattern and breakout
now the retest level of triangular pattern and midline of long 5 year symmetrical triangle is same
Long Glaxo...Value zone reversalGlaxo
CMP - 1504
Stop - 1440 on DCB
Expectation -
1 - 1650
2 - 1800, Review at 1800
Expected Holding Period - 60 trading days or earlier
Ideas being shared only for educational purpose
GlaxoSmith Pharma Double bottom BO on Weekly chart & channel BO. Can buy above 1542 with SL 1385(CB) Target: 1650 / 1805.
GLAXO LONGEnter in GLAXO between 1450 and 1400....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediat target for swing traders will be around 1700,1850 and long term above 2000 easily......levels are marked........best buy if goes around 1250
GLAXO SMITH - 4H TF - Cup & HandleCup & Handle pattern forming on 4H Chart of GLAXO SMITHKLINE PHARMA. BUY 1650, Target(s) - 1700, 1730, 1750, 1770. Stock has been moving in quite choppy fashion since past couple of days, SL should be decided when it crosses 1650. It'll be great if forms a base somewhere in the late 1500s. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Glaxo IndiaGlaxo's chart attached... Following it from 1475, perfectly following the support, resistance lines.
Approaching All Time High level now, which will be around 1930-1940.
Take your decisions as per your risk profile. No recommendations.
Glaxo Resistance breakoutPrice breaking above resistance and support and 3 months AVWAP
Target 1750 ; Time period 1.5 months
Glaxo -- Stockastic RSI is getting started. 100/- upmove possiblGlaxo - CMP 1530
Target 1665 (2-3 weeks)
Stochastic RSI is getting started and just coming into the zone. should be bullish ahead at least with a gain of 5-7&% in a couple of weeks.
Good Luck
SL - 1490
