Glaxosmithkline 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.
This scrip is forming a beautiful pattern. So traders keep on your Radar and enjoy the profit.
Buy at cmp 1500 sl 1477 target 1530, 1550+
5 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
GLAXO EQUITY levels ...28/05/2021 (D candle)
Glaxo 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
Double bottom BO on Weekly chart & channel BO. Can buy above 1542 with SL 1385(CB) Target: 1650 / 1805.
need support of volumes, shifting of demand zone visible on weekly t/f
GLAXO EQUITY Levels...04/03/2021 (D Candle)
Enter 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
Cup & 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...
Glaxo'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.
Price breaking above resistance and support and 3 months AVWAP Target 1750 ; Time period 1.5 months
Glaxo - 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