GLENMARK trade ideas
Glenmark - Short term reversal Daily charts of Glenmark suggest some profit booking.
Cmp 402
Stop loss 413
Target 390 and 375
REPOST GLENMARK Elliot Wave Analysis Already the rally has been started in GLENMARK PHARMA, We are in the Impulse wave right now.
Two way possibilities, either the price can go up till 421.10 to 581.60 odd levels as per weekly time frame.
After reaching out the Target, we can expect a big fall in the price as per 5th wave
postional pick GLENMARK!! 25%??glenamark shows a bullish side above 392 and can be taken as postional for a oeriod of 4-15 days for 25% gain!!
one can do intraday above 394 for 1 % again..
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Glenmark pharma share on bullish trend.Clear we have seen the bullishness of the stock of Glenpharma on Daily & hourly chart. The formation of Flag pattern on hourly chart is clearly visible. So we can take the stock for long entry above 392 for the next level of 408 . After this a minor resistance zone at the level of 410. Once the stock cross & sustain the level above 410 then the next level is 435. So add the stock in your watch list for next trading session.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Breakout of flag pattern..Big rally Coming..!!!Breakout of accumulation zone we can expect long rally from here because stock was in sideways for almost a month so buy on dips strategy can work best.
stock has already moved very high wait for dip and than go long.
GLENMARK BUY ABOVE 375As per Chart Pattern break out, GLENMARK BUY ABOVE 375 ON CLOSING BASIS
SL 340
TARGET 385, 400, 410, 420~425
Posting for Educational purpose only
Closing Basis means stock need to trade above 375 between 3:25 ~ 3.30 PM
Long GlenmarkPrice action shows breakout above consolidation. Buy can be initiated around CMP with SL 356.
Disclaimer: Ideas for educational purpose only.
Glenmark Inverted H&SGlenmark looking good for a decent run. Inverted H&S pattern. Positive on both weekly & daily TF.
GLENMARK - trading above neck line!If Glenmark trades above the neckline with good volumes, then targets mentioned are likely to be easily achieved.
GLENMARK PHARMA - 1H TFHourly Candle not getting the upside push. Sellers activates in the 356-357 range and it falls back down to 345 odd levels. Then it gets a push upside with a big green candle supported with volume but there is no lateral move and it is the same story again n again. Observe the hourly candles in the parallel channel, it needs a close above 356 and above 360 WITH VOLUME. That will be the final nail in the coffin for this stock.
On downside, be ready to sell below hourly close of 340 as the stock exits the channel of 340-360 and enters a new one with range of 325-340. Sell on rise around 339-341 after it breaks 340 WITH VOLUME. SL 345.1. Similarly, hourly close above 345 can be traded for upside till 350.
