GLENMARK trade ideas
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Glenmark PharmaGlenmark Pharma - CMP 599
Breakout candidate with good volumes. If it sustains the breakout then can expect initial target of 650/700.
Glenmark Expanding Leading Diagonal on Monthly ChartGlenmark is expected move in expanding Leading Diagonal.
V wave of leading diagonal always moves beyond end of wave III.
V wave expected to move minimum 100% of length 0 to III somewhere near 1400+.
Most likely to 138%(1.382) or 168%(1.618) which are near trend line.
The prospects and analysis are for long term if anyone wants to keep stop loss then they would 405 or 161
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I am holding some shares in this and may sell or buy additional anytime.
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Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Suggest for long.Breakout with higher volume, just come up with consolidation of 7/8 months. Calls are higher by three time as compare to puts. It shows bullishness.
STOCK FOR TOMORROW GLENMARK PHARMA
Good evening all dear investors and traders, for tomorrow GLENMARK PHARMA can be on RADAR. If sustained 30 minutes candle above 548 Whenever I say if sustain I mean to say is sustaining more than 30 minutes candle. i believe in less trade but sure trade. I have only express my ideas this is not any advise of tip take your own decision we are not responsible for anything...
Regards.
Mukesh Hotchandani.
Breakout-Retest-ContinuationA successful retest and continuation is seen in this stock and can be bought for the target of 585.
A safe stock to buy at this time.
Please like and follow!
Happy trading :)
Glenmark - Break happened - Towards targetPrice formed Ascending triangle pattern and breaks up in the last trading session. Price coming back for retest and it should reach the target in the coming week.
Breakout in Glenmark (Positional)...Good structure observed in Glenmark pharma
few days back observed descending tringle breakout in this stock with volumes
after breakout retest done and Moving average crossover(21 and 200) also happened
then given a good move now stock is under consolidation
volume was picking up in uptrend and drying up in consolidation
above 591
good support 541-530
Target 630--641--690
Glenmark Pharmaceuticals Ltd
Market Cap-- ₹ 16,275 Cr
Stock P/E-- 10.3
ROCE-- 11.1 %
ROE-- 10.6 %
Promoter + institutional holdings >81%
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
