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GLENMARK (in 15 min Chart) Worst is OVER.
trading mid band of regression channel.
Attempting to enter ICHIMOKU cloud.
Technical Indicators in U-Turn position.
LONG GLENMARK: RCP @ 603.3
BEST @ 598.8-
More: @ 595—
TGT(Intra + Pos / Exp.) : @ 611.4, @ 618.3 , @ 629 @ 635, @ 652 @ 669+
more on Chart.
SL: @ 588- (By Closing) or @ 586.5- Which comes first.
RELIANCE Towards WAVE - 5 Targeting @ 1570+
RELIANCE: @ 1337.3
Why to LONG:
#1. WAVE - 4 Nearer to an END Above Upper Band of ICHIMOKU Cloud.
#2. Retraced from 0.38 Fib level (LONG WAVE - 3)
#3. Bouncing from Bolinger Band Lower band, After testing 6 consecutive day.
#4. MA: Made a High above 20SMA & 50SMA from Below & closed Nearer that.
#5. RSI: 49.96 after made...
M_MFIN GATHERING PACE.
M&MFIN: LCP @ 313
Why to LONG:
#1. Retraced from 0.786 Fib level (Short Term)
#2. After Entering within Bolinger Band from Below on 26/05/2017
in Last trading Day made a LOW @ 300, Above Lower Bolinger Band .
#3. Entered in ICHIMOKU Cloud from Below .
#4. Harmonic Pattern: Bullish BAT
#5. MA: Made a High above 200SMA from ...
Bullish AB = CD in Progress .
To Complete the pattern (i.e. for Perfect AB =CD)
Nifty must made a High 10037 +
Some Steam Left as per Technical Indicators.
Though Several Hurdle is there.
Journey Between LCP: 9595.1 to 10037
Some Levels (Rest Points) are:
9624, 9661, 9690 , 9764, 9825, 9872 , 9950 etc.
More SUPPORT & RESISTANCE LEVELS Posted in CHART.