GLENMARK trade ideas
Glen mark to taken for long entryGlen mark share on daily chart break out level completed can be taken for long entry with the target of 375 to 390 . Trend reversal sign is clearly visible in the stock. This is going to be the major breakout for the stock.
Glenmark - trading after break outOne of the fund houses has asked to PUT at 361 and the effect is seen (on 22nd). Otherwise, this would have been towards its destination of 400+. Multiple resistances at 364.
Anchored VWAP Study of Glenmark Pharma
Anchored VWAP Analysis self explanatory in Chart. Additional Pointers:
- Range Breakout in place
- Breakout accompanied with Expanding volume signaling the Range was an Accumulation Zone
- Stock is also above 5 day EMA , 20 day EMA, 50 day EMA, 65 day EMA (ALL are Sloping upwards and above each other respectively)
- ADX is above 25 on daily chart (trending)
Concern:
-200 day EMA is Sloping down but stock price is above it
- 100 day EMA is above 50 & 65 day EMA but sloping up
Key Target Levels:
1) 370-75
2) 385
3) 399
Glenmark Pharma - Good Stock for Momentum investing Glenmark Pharma is in Collection zone....excellent stock for momentum Investing.
Park money only "when it breaks the rectangle formation". Easily could give 100-200% returns in 1-2 years time frame.
* Idea only For Investment purposes.
Long Glenmark -- 20EMA crossover 50EMA
RSI in uptrend
Volume Supports
If it breaks 355-358 levels then we can go long (Add on till 328-332) for Target 420 levels with SL 312
Glenmark pharma for long positionIt is forming an inverted H&S pattern. Today volume is also Ok. Do you think, it is tradable?
Glenmark Trading in a Range watch it for breakdown near supportGlenmark Trading in a Range watch it for breakdown near support. sell only below 321 as 321 is a buying zone once it breaks it target would be 314 and 307
Glenmark Pharmaceuticals Ltd. - DailyGlenmark Pharmaceuticals Ltd.
- It is trading above 200 DAY SMA (BLUE).
- It is trading in a narrow range.
- Technical indicators are mild-bullish.
If price trades above narrow range 359 #breakout is expected.
Keep a watch!!
Glenmark Pharma Glenmark Pharma stock moving in a parallel chanel and preparing for breakout .keep your eyes on this stocks if it brek the upper chanel then stock can test the 380 upper chanel .
in case the stocks breaks the lower chnnel in downside direction then the stock can show kajor fall in upcoming trading days .
Bullish patternLikely to test the resistance around 365. 10% above from cmp. All it needs is one good day before earnings to take it there.
Short ! Glenmark Pharma
Hi,
1. AB = CD Pattern drawn on Recent Close Price of Day Chart.
2. AC = 0.618, Assuming BD = 1.27 D Point Form at 348.
3. Price have started fall from the D Point fo AB=CD Pattern .
4. On 30 Minutes Chart, XABCD Pattern
5. XA Drawn from LL to HH , AB Drawn on HH to LL(New) , BC = Drawn on LL(New) to HH(New)
6. XB=0.62(Near to 0.618) , AC=0.885(Near to 0.886). These two level satisfy Bullish Bat Formation.
7. to Complete the bullish Bat Formation. Assuming XD=0.786(the level required for Bat Formation Pattern)
8. Formation of BD= 1.30(Near to 1.27) , which also satisfy the BAT Formation Pattern.
9. D Point Formed at 317, which also a Resistance level
10. Sell Below 333 Target 330, 328, 325 , 321 , 317( Final). Stop Loss 336
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glenmarkInverted H&S in day chart observed. Neck line 340. Once this is crossed, then 366 and 402 are the new targets. Maintain your stop loss.
Glenmark Short if support brokenShort @324 if support is tough buy @334. Market doesn't matter in this situation. But don't go against the scrip trend.
