GLENMARK trade ideas
Glenmark short for the target 200Glenmark broke weekly support.
Short for the target of 220.Maintain stoploss 495 weekly closing.
Good RR short call
glenmark ready for longwhat a beautiful consolidate here as break this box will hit target soon,,,,go with cash position trade for target 600 minimum
GLENMARK , Diamond pattern formation, About to breakout trendTime frame - 1 D
Chart pattern - Diamond formation.
1. Diamond formation is at bottom of downtrend, signaling trend reversal.
2. Chart has already taken support multiple times around 486 levels.
3. Support is at important fibo level of 0.786 adding more conviction.
4. Now, if breakout is supported with volume the can give target of 615.
5. Risk : Reward ratio- 1:2.5 ; SL - 585 ; Entry - 520-530
#Diamondformation #Patternbreakout
Glenmark...cmp 516...keep an eyeGlenmark...nice structure
Cmp 516
high probability setup
for a possible upswing soon
Trade Plan 18 Jan 22 onwards : Glenmark PharmaLevels as mentioned on the chart
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Diamond Pattern in Glenmark Pharmalooks like Glenmark is on verge of long consolidation breakout....just wait for the direction. Huge movement possible. Keep track
long term glenpharmainverted head and shoulder pattern. good to invest in 2022. let it complete the pattern, retest, sustain above the breakout point.
self explanatory chart. in case of any questions u can ping me.
Glenmark Pharma in question Hello Traders, the last stock given here i.e Titan is still on the same levels we are waiting for a breakout so we can make a long position.
Now speaking of glenmark pharma, this stock is trading in a expanding wedge/triangle kind of pattern there are two trade possibilities to go long on this stock both are mentioned in the chart above so you can trade accordingly.
All the information required for the trade are mentioned in the chart above, please refer to the same
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
PNC Infra is under Falling wedge pattern
PNC Infrastructure stock is forming a Falling Wedge pattern. The pattern is formed from Sept 21 and continues. Lower support is at Rs 244 and immediate resistance at Rs. 310 & Rs.343. The present price of Rs. 272 is below the 200 DMA and 50 DMA.
Glenmark PharmaLong Glenmark Pharma for intra tgt 499+
Stock stopped making LH and changed direction.
Glenmark Pharmaceuticals chart analysisGlenmark Pharmaceuticals chart analysis for intraday and swing trading
Glenmark Pharmaceuticals - Price Action for Swing TradingAlright, So the story starts with a bullish movement in April this year with some unusual move in the volumes. Breaking the 9 Months resistance and going up 13% therefrom in a weeks time.
The Bullishness continues.. forming Higher Highs - Higher lows for the period May to July.
However, following the pharma sell off in late July, Support at INR 654 levels takes a hit. Taking the price down to INR 461 Levels, which happens to be a long time Support. And approximately 30% fall is a big deal making the stock oversold.
Cut to present scenario - Glen seems to be moving in a sideways channel, With INR 531 Levels RESISTACNE and INR 490 Levels taking charge of SUPPORT.
Confirmation at INR 531 Levels along with good volumes will be a perfect buy for a 10% return i.e., setting the target at INR 586 Levels.
and ofcourse because Life happens , Stop Loss is necessary at INR 518 Levels.
RANGE BREAK OUT IN GLENMARKIn this point bull & bear are consolidate and whenever it break the upper line it will go for long very soon.
GLENMARK READY FOR ROCKET MOVE......???GLENMARK IS TRADING IN A VERY TIGHT RANGE.......
Good Risk-Reward Ratio........
GLENMARK reason-1
based on support and resistance i m seeing good support at 488 levels, rock solid support at 458 or around 450 so add here add till 488 keep sl below 450 for the target of 615 and than 691 .
reason -2 downtrend is at halt and it will start again below 440 levels so in this consolidation phase accumulate this script for the target and for target 2.
Glenmark Pharmaceuticals Limited Glenmark Pharmaceuticals Limited trading in channel for long time. breakout possible now
Glenmark Pharma Inverted Head and Shoulders in MakingGlenmark pharma is attempting to break out of an inverted head and shoulders pattern. Buy for the targets of 580/600/620.
Glenmark Pharma , forming Inverted Head and Shoulder PatternGlenmark Pharma forming Inverted Head and shoulder on Daily Time Frame, potential Buy
GLENMARK - Triangle and Flag Why this Trade..??
1.Broadening Triangle Pattern
2.Bearish Flag
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
#GLENMARK461.90 - 466 and 545 - 554 is the range for movement.
Fully shunted on both the side
Score reducing and in Q3
