GLENMARK trade ideas
GLENMARK PHARMA for 75% (approx..) GainGLENMARK PHARMA is showing inverted Head and Shoulders Pattern Breakout on Monthly chart. Chart Pattern is 70% success rate and if it is show on higher timeframe success rate increase.
CMP : 690
TG : 1180
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.
Glenmark Pharma may reach 1262Because glenmark pharma close above 1094 a strong resistance, if it’s take support from this then it go for next resistance 1262 and also RSI DWM is 70, 72, 80 respectively. Let’s watch it.
GLENMARK PHARMA MAY TOUCH ATH ONCE AGAINGLENMARK PHARMA is in a strong Bullish trend and has formed a Bullish Reversal (W Pattern) pattern in it's Daily timeframe. The neckline of the W pattern is already broken with a strong candle having decent volume.
Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive traders may hold a small quantity for ATH since there is a chance of profit booking from the Harmonic PRZ area (Area between Target 1 and Target 2). Between the PRZ area if a 15 minute candle breaks any swing low, all quantities should be booked immediately as market seems to remain highly volatile before and after election. It is an earnest request to keep position size as low as possible, because to save our capital in these volatile market conditions should be the only priority.
GLENMARK Rounding Bottom Breakout NSE:GLENMARK This Stock Good Pattern Stock ( Rounding Bottom Pattern ) Stock
Glenmark Pharmaceuticals Limited - Long Setup, Move is ON...#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 consult your financial advisor before taking any trade.
Amazing breakout on Weekly / Daily Timeframe - GLENMARKCheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.
Long consolidation BOA 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 !
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To get long term consistency you must create your own system by absorbing what is useful, discarding what isn’t, and adding what is uniquely your own.
- Yvan Byeajee
GLENMARK H&S BREAKOUTGlenmark breaking h&s pattern
with good volume and rsi
#target 1200
EDUCATIONAL IDEA
Glenmark for longGlenmark in weekly time frame waiting for BO. It has also formed cup and handle. big target waiting upside
glenmark buyBuy 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.
Glenmark for the LONG term ( Nirma BIDS)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
Glenmark pharma long term viewThis is showing solid strength over the months. Good long term bullish pattern visible on the charts. One can accumulate for long term swings.
Glenmark Pharma - Nearing buy zone on weekly chart 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.
Glenmark- Professor + gov + sg Bull flag 3 Days Volume Increase Professor + gov + sg Bull flag 3 Days Volume Increase and close > 3rd
1) Volume funda mainly
2) Breakout Possible
3) Lets see
GLENMARK IMPORTANT LEVELSAnalyzing 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
Pharma Sector Looking Very Strong- Keep Eyes On Pharma Stocks-every pharma and healthcare giving breakout one by one
-Glenmark is also looking good for short term
-after breakout retest done now trading near resistance
-rise in delivery volume & rsi
-trading above all major ema & sma
-keep in radar above resistance it can give decent return in short term
GLENMARK PHARMA INTRADAY OR SWINGGLENMARK PHARMA entry after sustaining above 905
Stoploss at 890
Targets t 920, 930, 950++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
GLENMARK GIVEN MULTI YR BREAKOUTBUY GLENMARK (753) till 690 for 825/890/950 and 990. Almost 40% returns. Glenmark given weekly close above 710 levels which is multi year high breakout.
GLENMARK
Price has decisively cleared its horizontal resistance zone between 691 and 736.
This suggests that the ongoing upmove is expected to continue and an initial test of the previous all time high of 1262 can be expected.
A decisive clearance of 1262 would open up higher target of 1940.
Bullish view remains intact as long as price stays above 690.
Amazing breakout on Weekly / Daily Timeframe - GLENMARKCheckout 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 RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
Prescription for Profit: Unlocking Glenmark Pharma's Potential.Glenmark Pharma, CMP - Around 788
If the closing price of Glenmark Pharma surpasses 797, I am contemplating a buy position above the 800 mark. To mitigate potential losses, a stop-loss order will be strategically placed below 760. Our anticipated price targets are set at 840 and 880, with consideration for trailing if market conditions prove favorable.
