GLENMARK trade ideas
GLENMARKThe stock would be running high due to the news, long can be above 417 as the sl for targets of 438, 460, 494 and 537
GLENMARK LEVELS AND TARGETSGlenmark climbed very high after favipiravir news. If things remain positive then glenmark might rise more to these levels given with green lines. Please do your own analysis before taking any decision.
Green Lines= Target/Resistance
Red Lines= Support
GLENMARK 22ND JUNE 2020MY TGT
GLENMARK BUY ABOVE 411.30 TGT=414/416/419/423/428/430
SELL BELOW 408.3 5 TGT=403.90/400/396/392
Please do ur own analysis before trade.
This is only for education purpose.
First Oral approved favipiravir medication for COVID
Sitting just under resistance at 421 expect this to be taken out on open and the retest IF it happens is a good spot to load up.
Recon this should fly to 574 then get knocked back a bit for a while before flying up with more power .
Might be wrong and the FOMO on this may keep blasting it up , the downtrend line is not that far off so all indicators should turn into buy once that is taken out .
Lets see ..
FabiFlu ride the wave...Keep buying till 385 this should break out of the downtrend line maybe on today's open , if so buy the retest of the breakout.
Counting on the news to pump it a little bit regarding FABIFLU .
Levels are on the chart shall do a LTF next
700 should happen fast on this though 574 area does look busy .
Remember buy the rumor and sell the news so be careful with this one.
Glenmark - head and shoulders pattern - Ready to rockPositive favipiravir news and favorable trend place it in a strong buy bucket Target 510
GENMARK READY FOR UPMOVE AFTER FAVIPIRAVIR NEWS. Glenmark pharma looks very positive due to the favipiravir medicine. Results to be disclosed on 26th June 2020.
The given lines are near resistance levels where we "may" find some corrections.
Keeping in mind the covid19 situations, stock might boom up to new levels soon. My target is minimum 500.
LONG positions as per your own analysis.
HAHAHA Let's GO. JAI HIND
MEDIUM to LONG TERM VIEW ON GLENMARKCurrently I'm bullish on pharma stocks, especially Glenmark and aurobindopharma.
Glenmark if breaks 413 will boom upwards. CURRENT INDO CHINA BORDER DISPUTES scare me a little.
accumulate at dips. 360-364 looks like a strong support point
JAI HIND LETS GO!!
glenmark 16th june 2020my tgt
glenmark buy above-396.30 tgt-400/403/407/409/414 sell below-393.40 tgt-392.70/389.60/386.20/382.35/380
Please do ur own analysis before trade.
This is only for education purpose.
GlENMARK - INVERSE H&S / C&H Bullish signGlenmark is showing Weak inverse H&S and Cup & H . Both point to bullish behaviour and stock has started moving towards the target
price is at important level, wait for the breakout.we can see good move,in upcoming session, take decision after clear direction.
A BO above 366 can take Glenmark to 396.A strong BO above Rs 366 can take Glenmark to Rs 396 and further.
Observe the weekly volume build up in last 6 weeks. After a strong recovery from Rs 160 levels, the price has flew with tremendous volume to Rs 350 levels.
Observe the tight price consolidation in last 4 weeks with relatively less volume action.
% Delivery Qty to Traded Qty is increased in last 3 days( not plotted in chart).
GLENMARKThe pattern formed is good, and can be a long above 363.50 for a target of 376 and 390. Sl can be your entry level.
Short Glen markShort Glenmark on basis of 2618 Trade
Entry, Stop loss and target price are mentioned in chart.
