GLENMARK has consistently shown resilience and upward momentum every time it's graced the 200 Moving Average support. Once again, we're witnessing this pattern. The stock springs up robustly the moment it touches this pivotal support.
Traders, if you haven't yet, consider seizing that retest long entry. However, a word of caution - if it's moved too far away, it...
#GLENMARK trading above Resistance of 710
Next Resistance is at 842
Support is at 582
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...
--Breakout stock
--Swing trade
--RSI uptrend
-- T-900
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and...
📌Pharma Industry looking good
✅Keep an Eye
GLENMARK
+ Continuation pattern BO in progress
+ Validated with Volume
+ Trading above key EMAs
📢Not a buying recommendation
Up-trending stock retraced from the higher level.
Trading on support zone, favorable time to enter or trade,
Good pullback trading opportunity.
Good R:R
# GLENMARK PHARM #
# LONG TERM VIEW BULLISH
# BUY : 690-705
# TG - 1100-1140
# SL : 580
# R:R - 1:4
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Short looks good to short below 771. Reason for trade Proper M Pattern formed on Daily chart. Also RSI is week.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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As Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 782-779 Level then possibly It will test 740-720 level.
Considering This i am Planning to go for hedge Trade August Series.
Buy Glenmark 800 CE Near 33-34 and sell future Below 802, Stop Loss 811 Target 785,775
Investment Required 55000
Maximum Loss = 13000
Profit Upto =...
Glenmark daily chart is showing strengths followed by breaking falling resistance trendline and giving breakout on relative strength indicator too it is looking like that consolidation phase is over and get ready for further up moves in it that is why I am adding Fibonacci retracement indicator for helping coming resistances and targets too it is looking little...
#GLENMARK trading above Resistance of 582
Next Resistance is at 710
Support is at 420
Here is previous chart:
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...
