Glenmark Cmp 566.35 dated 29.4.2021Glenmark Cmp 566.35 dated 29.4.2021
After a long consolidation breakout was above 554
Buy for a tgt of 590-650 SL 545
It is just a view, pls trade at your own risk.
GLENMARK trade ideas
GLENMARKI RECOMEND TO BUY GLENMARK BUT WAIT TILL IT CROSES THAT ZONE ON UPPER SIDE. HERE ARE THE REASONS
1.IT IS FORMING A DOUBLE SIDED TRIANGLE IF IT BREAKS ITS A CLEAR BUY.
2.PREVIOUSLY THAT ZONE ACTED AS STRONG RESISTANCE AND SUPPORT.
3.IN INTRADAY UPPER SIDE OF TRIANGLE ACTING AS A VERY STRONG RESISTANCE.
*SO WAIT TILL IT BREAKS THAT REGION AND IT IS A CLEAR BUY*
Glenmark - CMP: 568 Multiple BreakoutStock is in the bullish move. It has given Wedge Breakout on a longer time frame. It is also likely to break Flag Pattern. Overall we can expect a price target of 700 in Mid-Term.
Double Top in Glenmark | PositionalShorting Opportunity in Glenmark below it's neckline. All levels are mentioned in the Chart. Make sure to keep your risk management in check.
Glenmark Pharma – Resistance Breakout above 531Stock has also broken out of Bearish Channel of 356 Points.
Target for same – 470+356 = 826
Fundamentally Stock can be valued at 776*30 ie 23280crs vs Current Market Cap of 15909 crs
Hence at 825 Rs Stock will be Fairly Priced
Technically Stock has broken and retested important Resistance level of 531. Hence more upside can be expected.
Long term Targets – 735, 940, 1154
SL – 514.85 (Weekly Close)
Duration -3 Years
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
GLENMARK PHARMA FOR LONGTHIS IS ONLY EDUCATIONAL PURPOSE NOT ANY CALL OR TIPS. DO YOUR OWN ANALYSIS. TARGET WILL BE 650.
Glenmark pharmaceutical is clean breakoutIt's a beautiful triangle pattern and retraced. It's a right time to invest in Glenmark. Risk reward ratio is very good 4
long position (buy)short term call
glen mark s in a consolidation period
target 510-550-570
stoploss 440
Rest of this year belongs to PHARMA now!NSE:GLENMARK has upside to witness further after it broke all time high.
The 45MIN chart here shows support area to which it will test its fall and reverse from the "Box of Price Reversal"
INVEST IN PHARMA following cyclic lines since dec'20 careful might fall near 23 of april otherwise corona factor might dominate
GLENMARK still rally pending?this underperformed pharma stock is trading well below its all time high.
Could not rally last time after good quarterly result.
it appears its break out is taking place slow and steadily.
It is a f&o stock hence not a study on f&o perceptive.
Target has been achieved Target 4 may be achieved in due course.
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Buy GlenmarkMy idea is for educational purpose.
Without thinking buy Glenmark @540, more if falls till 530, for short term blast.
GLENMARK- BEARISH GREEK REVERSAL- 15MINI can see selling opportunity in GLENMARK as per 15min pattern its singn of bearish reversal its called " Bearish Gamma reversal pattern "
Sell if get at 574
Stoploss 579
Target 561
