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GLENMARK PHARMACEUTICALSGLENMARK PHARMACEUTICALSGLENMARK PHARMACEUTICALS

GLENMARK PHARMACEUTICALS

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GLENMARK trade ideas

GLENMARK 📊 **Technical Analysis for Glenmark Pharmaceuticals (NSE)** **Current Price:** ₹1,518.15 **Resistance:** ₹1,545.60 (Upper boundary of the rejection zone) **Support:** ₹1,439.95 & ₹1,420.55 (Key levels marked with a purple zone) --- ### 🔍 **Analysis Details:** 1. **Bearish Setup:** - Glenmark is trading below the **50-day Moving Average**, which indicates a bearish trend. - A recent breakdown occurred from a consolidation range, which suggests downside momentum. 2. **Key Support Zone:** - The highlighted **purple support box** between ₹1,440 and ₹1,420 acts as a strong demand zone. - If the price breaches ₹1,508 (current support), we expect it to retest the lower support levels. 3. **Stop-Loss and Targets:** - **Entry:** Below ₹1,508 (confirmation of weakness). - **Stop-Loss (SL):** ₹1,545.60 (above the rejection zone to limit risk). - **Target (TGT):** ₹1,439 and ₹1,420 (major support levels). 4. **Risk-to-Reward:** - If executed below ₹1,508, the **Risk-to-Reward Ratio** is favorable, providing potential downside gains while limiting losses. 5. **Trend Confirmation:** - The blue arrow in the chart signals a **bearish continuation** toward the support levels, aligning with current market weakness. --- ### 🔥 **Trade Setup Summary:** ✅ 💥 **INTRADAY STOCK FOR TOMORROW SESSION 🚀 ✅** 💥 5% RETURNS EXPECTING 💥 #GLENMARK ✅ BELOW :- **₹1,508** 🚫 SL :- **₹1,545** 🚀 TGT :- **₹1,439** & **₹1,420**
NSE:GLENMARKShort
by mywork072
#GLENMARK Setting Up for a Pre-Breakout!💊 Stock Alert: #GLENMARK Setting Up for a Pre-Breakout! 💊 📈 Ready for Another Run: After a previous breakout attempt was halted by market volatility, #GLENMARK is now showing renewed strength, rebounding off support as the pharma sector gains momentum. This time, the stock is forming a Darvas Box—a strong indicator of continued bullish momentum. With these signals aligning, #GLENMARK is set for another bullish run, making it a prime candidate for a swing trade. 🔥 💡 Don’t miss this chance to position early for a potential breakout in the pharma sector! 👀 Target: 1950-2000 Stop Loss: 1695 Trade Risk Free Exit (20-30%): 1830 R/R Ratio: 2-3 📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼 #StockMarket #PharmaStocks #DarvasBox #PreBreakout #SwingTrade #InvestSmart
NSE:GLENMARKLong
by nemi-chand
Glenmark pharma long callPrice Action and Trend Analysis:- The stock has shown a consistent upward trend over the past few months, indicating strong bullish momentum. Recent price movements have formed higher highs and higher lows, which is characteristic of an uptrend. The price level at 1700 serves as a critical support point. If the stock retraces to this level, it could provide an excellent entry point for buyers looking to capitalize on the anticipated upward movement towards the target of 2000. Support and Resistance Levels:- Support Level: The area around 1650-1600 has historically acted as a support zone where buying interest has emerged. Setting a stop-loss below this range minimizes risk in case of an unexpected downturn. Resistance Level: The target price of 2000 represents a significant resistance level based on previous price action. If the stock successfully breaks through this level, it may signal further bullish activity. Risk Management Setting a stop-loss between 1650-1600 provides a safety net against potential volatility in the market. This strategy allows investors to limit losses while maintaining exposure to potential upside gains. Continuous monitoring of market conditions and news related to the stock will be essential to adjust strategies as needed. Conclusion Given the current technical indicators and market conditions, buying at around 1700 with a stop-loss set between 1650-1600, targeting 2000, presents a favorable risk-reward scenario. Investors should remain vigilant regarding market trends and adjust their positions accordingly as new information becomes available.
NSE:GLENMARKLong
by Pure_Technicals
GLENMARK // LEVEL // 3H"Welcome to SkyTradingZone " Hello Everyone 👋 Let's take a closer look at the 3-hour candlestick chart for Glenmark Pharmaceuticals Limited (GLENMARK), a leading Indian pharmaceutical company. Here are some key insights based on the 3-hour chart: Current Trend: GLENMARK has been trading in an upward trend, with a slight pullback over the past few hours. Resistance and Support: The stock has a strong resistance level at around ₹630-640 and support level at around ₹610-620. Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock. Momentum: The RSI (Relative Strength Index) is above 50, indicating that the stock is in an overbought zone.
NSE:GLENMARKLong
by SkyTradingZone
$NSE:GLENMARK MORE STEAM LEFT?This is the monthly chart of NSE:GLENMARK and you can clearly see a breakout in July followed by a retest and now a continuation of the move. The counter looks strong and one can look to buy on dips for a favourable risk to reward ratio as the stock has moved up a lot with a stop loss of 680 on monthly closing basis for targets of 1000-1200 in the coming months NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
NSE:GLENMARKLong
by longstocks
Glenmark Pharmaceuticals Limited - Breakout Setup, Move is ON...#GLENMARK trading above Resistance of 1027 Next Resistance is at 1262 Support is at 842 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. 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.
NSE:GLENMARKLong
by MandeepSinghKohli
Glrnmark Pharma's upward trend is notable. Can it be maintained?(1) Before, the price was strongly rejected around the 1250 level. (2) Then, the price dropped by about 85%. (3) Later on, the price found support near the 165 level and began to rise. (4) However, the price was rejected again around the 690 level and dropped. (5) After a significant increase, the price finally broke the neckline of the Double Bottom pattern and continued to rise. (6) Finally, after nearly 9 years, the price successfully broke through its resistance zone and maintained its position above it.
NSE:GLENMARKEducation
by GoodluckCapital