Glenmark Cup and handle breakout.Glenmark has given a breakout of cup and handle pattern on daily charts with RSI also giving a breakout above 60. Satisfactory levels. Min target should be 520 from these levels....CMP- 511
GLENMARK trade ideas
#Glenmark cash : Strong Resistance @ 509-510#GLENMARK CASH
16.09.2020
STRONG RESISTANCE 509-510
SUSTAIN N CLOSE ABOVE IT.. WILL GO 540/580
CMP 499.80
Only if you Know the The theory Well many try to forecast some thing they know , but on real time very few people can identify the patterns
and they trade it , One can observe the sharp reversal was paused completing 5 wave on smaller degree label as A and then
they made Contracting Flat which is smallest pattern as secondary b wave , then they pushed for 5 wave move as Secondary c wave
Completing B wave ,
Now they have completed part of Zig Zag which is developing as A B C " X " A B C , currently as per my forecast X wave has completed and its about to make U turn for
Correction till 404 , Now having said it will correct up 404 one must consider due to Trend on higher time frame is impulsive it can cut short and reverse also
Look to trade using Mandatory trailing stop in case you want to trade in Futures
Good luck
GlenmarkInverted H&S completed, Good to take long position above 488(Intraday).
Please do your analysis.
GLENMARKEntry above 476, stock can make a move to 488/493
Stop Loss : 468
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Glenmark ShortIts a Narrow Cpr. Floor Pivots Says 200 SMA Hate candles. Take Short at 200 SMA...
Charts for educational purpose only
TREND FASHIONJust an analysis on the trend fashion Glenmark Pharma is into currently.
This is no trading advice.
glenmark pharmaglenmark pharma:- cmp 489₹ & breakout above 495₹
rounding bottom pattern made i think.. lets see view negative below 440₹ clbs
Glenmark may fall to 419 levels soonerGlenmark may fall to 419 levels sooner
Entry-levels: 488-520
Stoploss:525
GLENMARK "Waiting!!" Glenmark is forming an curve pattern and an very exciting one.
Key-levels are 485 once broke will Give a good upside momentum.
This is my view and lets hope for the best.
Glenmark Getting ready for BO - #NRWatchoutStocksGlenmark Getting ready for BO - #NRWatchoutStocks
This is for education purpose only, trade with your own risk-reward ratio
