You have to keep your eyes on..It may lead to bullish BOYou have to keep your eyes on..It may lead to bullish BO.
Just for educational purpose.
GLENMARK trade ideas
VIEW ON NIFTY BANKNIFTY with 5 STOCK rREL INFY TCS GLENMARK DABUR
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
BUY GLENMARK ABOVE IFthe breakout level to watch n Glenmark is 550 watch if close on the daily candle above the level then it can be added for the target of 10-15 % SL I will be updated depending upon how the candle is forming near 550
Glenmark 30min chartBreakout of previous DS zone and trend line with volume. Can be entered long on short term trend line breakout.
Glenmark Daily ChartTriangle breakout in Glenmark, Can be entered on pullback/retest of previous high area of 515/520.
Watchout for Glenmark PharmaGlenmark pharma recently crossed an important level. If retest and form a reversal candle, then it can head towards 700 levels in the near future.
GLENMARK PHARM - MULTIPLE ATTEMPTS TO BREAKOUT THE TRENDLINEGLENMARK PHARM - MULTIPLE ATTEMPTS TO BREAKOUT THE TRENDLINE - WILL IT HAPPEN THIS ATTEMPT
GLENMARK/NITY ratio chart...ratio of chart of glenmark and nifty,,
trying to cross the long term trendline.. can be a big move to break above
good investment idea
SL will this month low 470
target open.
Gleanmark seems have a good breakout with 2 bullish candelThe stock was under rangebound after a short run, Now it has given a breakout. From my side it's a buy call if it breaks the strong resistance area. Stocks seems to be good and some positive news flow..
Glenmark | Flag Pattern , Trendline & Range Bound Breakout NSE:GLENMARK
positional Trading opportunity ! Weekly Chart Alert !!!
--Buy above =542.55
--Target = 688.25 ( 33.55 % )
--Stop-loss = 446
--Lot Size = 1150
--R:R = 2.50
--Expected Profit =1,98,000 ₹ per lot or 33 %
Technical Reasons to trade :- 🧢
1) Glenmark has bullish flag pattern Formation and breakout.
2) Range breakout trading .
3) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern.
4) Uptrend Is continuing and Trendline break .
5) resistance is around 6858-733 .
Fundamental reasons to trade :-
1)Glenmark Pharmaceuticals to Redeem $8 Million Singapore-Listed Bonds
2)Glenmark Pharmaceuticals Gets US FDA Approval for Axitinib Tablets
3)Glenmark Pharma Gets Tentative U.S. FDA Approval For Axitinib Tablets
4)Dr.Reddy's Laboratories to Acquire Select Anti-Allergy Brands from Glenmark Pharmaceuticals
5)Glenmark Pharmaceuticals Lands Final USFDA Approval for Immunosuppressant
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
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✍COMMENT Below your view !
GLENMARK_PHARMA 1HRTHE STOCK HAS GIVEN A BULLISH BREAKOUT OF A DIAMOND PATTERN ON HOURLY CHART
THE STOCK LOOKS BULLISH FOR INTRADAY
TARGETS:-5069, 514 AND 518
SL 494.20
glenmarkafter an uptrend price saw pullback and sideways for 16 weeks
now price has given bo of range and 200 wma at same time
expecting good upmove in coming days.
Breakout from Channel Pattern in GlenmarkThere is a breakout from channel pattern with good volumes.
Enter between 486-490 for target between 514-517 and Sl at 477.
GLENMARK, SYMMETRICAL TRIANGLE + DARVAS BOX (CHART# 388)All levels mentioned on chart.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Glenmark Pharma Trading Idea || RR - 1:7A triangle pattern can be seen in the formation. Likely to breakout sometime this week. Have picked a SL level which has been a resistance for the duration of the triangle. However, should there be a consolidation before the breakout, I may adjust the SL accordingly. Enter trade only when there is breakout WITH good volumes.
Buy above 509
T1 : 547
T2 : 278
SL : 498
Thanks!
P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.
