GLENMARK trade ideas
Glenmark-Elliot waveGlenmark is in 3rd wave and one can go long
PS: I am novice in trading, feedback is appreciated :)
#GLENMARK CASH : LOOKS GOOD ABOVE 665#GLENMARK CASH
03 FEB 2019
SUSTAIN ABOVE 665
CAN GO 674-675/685
CMP 661.85
Bearish Engulfing PatternBearish Engulfing with high Volume.
Short Option
Entry at below 647.70
Target 641.60
Sl 648.70
[Intraday] Insidebar GLENMARKLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 659.4
PDL - 649.25
BTST IN GLENMARK JAN FUTBTST IN GLENMARK
JAN FUT
BUYING THE DOJI FORMED AFTER A DOWN RUN
HOLDING 50-DMA FOR 2 DAYS
GOOD RISK TO REWARD RATIO
BUY@658
STOP@652.75
TARGET@670
LOT:750
QTY:2
Glenmark buy the breakoutIf Glenmark maintains the momentum in coming week than i expect it to breakout from current zone to test the levels marked in green.
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NEW YEAR TRADE GLENMARK MOVING HIGHER JAN (FUT)NEW YEAR TRADE
GLENMARK MOVING HIGHER
IIF CLOSES ABOVE 692 IT WILL MANAGE TO WEEKLY RESISTANCE
WHICH WILL MAKE SURE THAT IN COMING DAYS A TARGET OF 720
AND 740 IS OPEN
JAN FUT
BUY@700
STOP@695
TARGET 1@720
TARGET 2@740
LOT:1000
QTY:1
