sell below 344.30 for safe trade also 5+ confirmation go short sell below 344.30 for safe trade also 5+ confirmation go short
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GLENMARK trade ideas
A Clear case of A Teacup in Glenmark PharmaIt has completed the cup and the handle is being formed. So expect it to go down. Did a bit of shorting intraday on thursday and made a profit.
Looking to enter Longs for a short term after completion of the Pullback.
Flag Pattern developed > Possible Upside BreakoutFLAG is a continuation pattern .
According to Thomas Bulkowski's Index, Flag has a very high successful winning rate.
Watch the following:
Flag is a short term consolidation pattern
Sharp price advancement after breakout
A possible Upside Breakout is on the way.
Glenmark : More fall expectedGlenmark broke the previous support level. and there is a wonderful divergence seen, so more PAIN anticipated in this counter.
GLENMARK CREATED HEAVY DEMAND LAST TIME IN THIS DEMAND ZONEIn the short-term, the stock may try to bounce back. It finds immediate support at ₹275 and a crucial one at ₹267. A close below the latter could trigger another bout of selling that could drag Glenmark Pharma below the ₹230 level. On the other hand, according to gann theory 1 unit of price/day = the motion of the earth around the sun such as we can see in the chart. but it will take some time for price and time balancing.
view on Glenmarkbuy above 380on closing basis for upmove.
if it doesnt sustain and fails to breakout will take time like slug.
Fibbonacci LevelsGlenmark is share which rebounces to fibbonacci 0.5 from bottom after long down trend , consolidation it is showing some recovery.
Previous years have shown it jumps till 0.5 levels of fib
GLENMARK Positional buyI am not a registered SEBI analyst. View expressed here are not meant to be a trading tip. It is purely educational.Please consult your personal financial advisor before investing. I am not responsible for your gains or losses.
GLENMARK (Glenmark Pharmaceuticals Ltd)BUY ABOVE 336GLENMARK (Glenmark Pharmaceuticals Ltd)BUY ABOVE 336
Glenmark Perfect Resistance/Support Flip and TargetA perfect example of R/S Flip.
If Support holds, 1st Target is 350
Glenmark - Pull back - Take support at 322 & then increaseSupport Levels: 322, 306, 296, 292, 264
Resistance Levels: 337, 351, 373
Trendline Support Levels: 308-296
Trendline Resistance Levels: 331-322
$Glenmark , Expecting 400 (Jan) #stcoks #stockmarket #glenmarkI am expecting it to continue its Trend and the as per market Structure Shift, the Correction should be ending here, anyone trading Harmonic Pattern (BAT Imo) to short , should close their trade here, on First Target and look for long opportunity, Looking for this positional Trade for next 2 months. DM me on Telegram : @wowitstony : all info shared is just my Trading journal. Thank you
GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 342GLENMARK (Glenmark Pharmaceuticals Ltd) SELL BELOW 342
