SEE CHART FOR TARGET........... PLEASE TRADE ON YOUR OWN RESEARCH..... Please give comments ... STILL AM A LEARNER.................
hello this is a chart of glenmark in weekly analysis here we can see a good breakout
risk: Reward is 1:2 (MINIMUM) Entry: 657.9 SL: 633.6
Glenmark Pharma is on multiyear breakout. The next immediate target is 705. Weekly chart looks very promising for holding as well as for swing trade.
Stock looks good both for swing and intraday. For swing keep SL as 615 For any queries on chart (Fibonacci, Resistance zone, TL BO) please drop Qs in comment section
Stock was in long time Downtrend last year prices given nice Breakout of downtrend and sustaining above that level. From last 2-3 month price is in very strong Uptrend and u can see nifty pharma as well in nice uptrend Positional Trade Opportunity BUY @ 650. Add more above 700 for Tgt of 900, 1100, 1300+ with SL 400 One must hold it for minimum 6-8-10Month time...
After consolidating for a month it has given breakout from trendline. Buy above 658 Tgt 8 to 10% SL 615. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Multi year trend line break out . I think this stock going to all time high level .
Glenmark pharma seems to be good bullish stock for swing trade with multiple confirmations. Tgt 1 - 664 Tgt 2 - 682 Tgt 3 - 706 ** Educational Purpose only.
Glenmark is looking to start Wave iii of 3 which is expected to be a big move. It can achieve 750+ levels. The view is invalid below 578. Note - This is not an investment advice. Please do your research.
here is a chart analysis of glenmark, There is a breakout of flag n pole pattern with a good volume.
Glenmark Pharmaceuticals chart analysis for intraday and swing trading
6th-7th May candles daily demand zone created new life time high , so based on this recent un-touched demand zone trade setup Entry -582.75 near about Target -1:2 trade or up-to strong supply zone 870-900