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Merck Ltd. feeling strong support at 2600 levels. It will reach 3000 levels soon.
If it breaks out 3080 levels it will easily go to 3600 :)
CCI (M) > 100
CCI (W) crosses 100 with strength and alignment
C > 3254.95 will take it to 3554.40
Price still needs to cross the supply zone
Please Do Your Own Analysis
This is Personal View
Top is confirmed and sideway action begins
Symmetrical triangle break out above 1568
TGC is true
On a strength candle, if closes today > 1488
can re-enter is parts
MERCK is in consolidation mode between the range 1610 and 1352. also we can treat 1610 as resistance level and 1352 as support level
Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
long term trend is quite bullish.
in daily - price near uptrend channel support. with a sl - 1060(below channel support) tgt - 1280, 1300
Merck is a buy now with SL 916. Probable targets 1200-1300
Disclosure: I am holding Merck and this is little risky trade. Need patience in this counter.
As seen Merck Ltd has formed a Cup and Handle Pattern in the daily chart. A breakout with volumes will be our entry. It is bullish in the larger time frame as well. Also being at all time high, makes it stronger.
Keeping in watch list, till it breaks out.
Expected Levels- 1365- 1380.
More important than the shape of the pattern is the resistance levels ...
BUY MERCK LIMITED AT 862 AND ADD MORE AT 800 TARGET 1000-1200-1500-2000++++ IN 2-3 MONTHS SL 700