I come across a lot of tweets/posts in various forums that Glenmark is a buy and will shoot up - the truth seems that it is caught in a definate range portrayed by the two red lines. But one thing I agree that the upper range seems to 560 odd levels.
The problems? let's see. Since I study Ichimoku Charts - the Chiku is not free (for those who understand what I am...
Trading in a well-defined channel on a NSE:DIVISLAB NSE:DIVISLAB daily time frame. Two triggers to buy it: -
1. Candle touching the cloud
2. RSI below 40
today (15 Jan 21) one condition met - will buy one lot with candle touching cloud.
