#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...
#GLENMARK trading above Resistance of 842 Next Resistance is at 1027 Support is at 710 Here are previous charts: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
NSE:GLENMARK This Stock Good Pattern Stock ( Rounding Bottom Pattern ) Stock
Stock Name-GLENMARK TF-1M Enter at CMP If it closes above 750 in Monthly then it shoots upto Target-1 Range Breakout of 6 Years For Long Term Only my view. (I am not a SEBI Registered)
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...
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 RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Glenmark making head and shoulders on a bigger and smaller timeframe. Moving towards a target of 1100+. Other factors: 1. RSI moving up 2. MACD becoming positive 3. Volumes steady "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!!
The stock has been forming a cup and handle pattern on the weekly time frame where the 965 level is acting as a crucial resistance however it can be shattered if the market sentiments favour and after that a prelonged rally , however a major concern for the company is its ailing balance sheet which shows quite concerning factors but for a swing trade it can be bought
A good possibility of a BO is in the making. If it can sustain then the higher levels (blue lines) can be achieved. A strict SL should be followed (red line) and for best results, trail the SL based on something that is uniquely your own ! --- --- --- To get long term consistency you must create your own system by absorbing what is useful, discarding what isn’t,...
Glenmark breaking h&s pattern with good volume and rsi #target 1200 EDUCATIONAL IDEA
Glenmark in weekly time frame waiting for BO. It has also formed cup and handle. big target waiting upside
Buy from cmp to 895 sl close below 894 easy tg - 915 tg2 - 923 Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
Major Shareholders Dec-23 Hdfc Mutual Fund-Hdfc Arbitrage Fund 2.4% Government Pension Fund Global 2.26% Icici Prudential Pharma Healthcare And Diaganostic 1.24% If Nirma Industry Buy then Shareholders will add more in the portfolio EPS is down - Target 1st - 1075 Target 2nd - 1260
This is showing solid strength over the months. Good long term bullish pattern visible on the charts. One can accumulate for long term swings.
The stock took support at the 40 weekly moving average and is hovering near the buy zone. Positive momentum expected above the levels of 925 for an initial target of 1100. Will review once the target is achieved. Strict stop loss at 5-8%. Note: Not a buy/sell recommendation. Consult your financial advisor.
Professor + gov + sg Bull flag 3 Days Volume Increase and close > 3rd 1) Volume funda mainly 2) Breakout Possible 3) Lets see
Analyzing Glenmark on a follower's request. Glenmark is current trading in a range where the upper level is 925 and lower level is 840. No trade until the stock breaks the range. If it breaks the support trend line on the downside, much lower levels can be seen. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India