Glenmark Pharma AT ATHStock:-Glenmark Pharmaceuticals Ltd.
Sector:-Glenmark Pharmaceuticals Ltd.
Glenmark Pharma is Trading @ALL TIME HIGH Range
GLENMARK trade ideas
GLENMARK PHARMA S/R for 2/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
GLENMARK PHARM BBRAKEOUT ON DAILY CHART NSE:GLENMARK
GLENMARK PHARM Gives brake out on daily chart.
Buy near 1200-1220
SL 1110
Target 1330+
Time Duration 15 - 20 Days
Glemark idea | Key levelsGlemark idea | Key levels ( Probabilities )
Glenmark to remain bullish above the trendline
Targets - 1233/1256/1303/1335/1414/1525
stop loss - 1116
GLENMARK : ALL TIME HIGH BREAKOUT / CUP BREAKOUTGLENMARK is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains.
Entry: Enter a long position at GLENMARK's ATH price + 4% (1,313.40)
Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (1,050.70) or Weekly Swing Low.
Targets:
First Target: 1,913.45 (Fibonacci 1.618 level)
Second Target: 2,364.15 (Fibonacci 2 level)
Third Target: 3,465.40 (Fibonacci 3 level)
Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1%
The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits.
The position sizing ensures that you are not risking more than you can afford to lose.
Disclaimer:
This trading strategy is for informational and educational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions.
Additional Notes:
Consider using technical indicators and chart patterns to refine your entry and exit points.
Monitor market conditions and adjust your strategy accordingly.
Practice risk management techniques to protect your capital.
Please let me know if you have any other questions.
Glenmark Pharma looking bullishGlenmark Pharma has completed a long-term inverted Head & shoulders pattern. It is now looking bullish with an upside move of INR 500 from current levels. Almost 2x.
At present it is at the 0.5 resistance level of the Fibonacci chart
Glenmark pharma short term view.glenmark pharma has completed bull run of 5 waves and now its in a correction zone which is in 3 waves, out of which one wave is completed as per my analysis, so it can be longed immidiately with a strict stop loss and target ..... Also risk reward is very favourable for ultra short term view.
Head and shoulderA very known and famous pattern (The chart is an old one whose target is almost reached Dont mind that) It has to shoulders or more (Small dips) and one head target is the distance between head low and neckline.
Glenmark Pharma Long 4-6 monthsGlenmark Pharma is forming cup and holder chart pattern on monthly chart. Recovering from last six months strongly with bullish candles. If the pattern continues, then expect to reach 900 which is a previous resistance level. Happy Investing…
Trade Idea in GLENMARK
Buy NSE:GLENMARK
CMP 1006
TP 1123
SL 919
Glenmark Pharmaceuticals Ltd. is a holding company, which engages in the development, manufacture, and marketing of pharmaceutical products. It operates through the India, North America, Latin America, Europe, and Rest of the World geographical segments. The company was founded by Gracias Saldanha on November 18, 1977 and is headquartered in Mumbai, India.
GLENMARK - AnalysisGLENMARK - Analysis
Note : Keep trailing stop or partial book profits as Pharma stock can show big movement owing to to global news.
Buy Above :- 813 and add more above 855
Investment Stop loss - 710
Keep trailing stop or partial book profits as Pharma stock can show big movement owing to to global news.
First Target - 896 to 913
Second target 940
Strong Levels and third target - 973 to 976
Please do your due diligence before trading or investment.
Thank you.
Glenmark pharma breakoutMultiyear breakout in glenmark pharma, as per my view and study it may go up to 1050 and 1260 Stop-loss is close below 690 in weekly chart profit 1:1.5 ratio n 1:2.5 ratio.
My views r only for educational information n knowledge purposes not to trade
Glenmark - Elliott Wave CountGlenmark - Elliott Wave Count
the market seems like near wave B. we can expect one more impulse move upward and then the market likely to fall to wave C.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:GLENMARK NSE:GLENMARKZ2023 BSE:GLENMARK
What a beautiful head and shoulderThis is example of identity. head and shoulder chart. which made on Glen Mark one month chart the possibility of going up is really strong. how much time it took to create that much big profit chance will be there.
GLENMARK📢Trendline broken stock📢
If stock price 794 this leval broken and day closing above than bullish movement see in coming days!
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
Bullish Wedge pattern breakout in GLENMARKGLENMARK PHARMA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 875+.
✅Can Go Long in this stock by placing a stop loss below 745-.
Expecting Glenmark to bounce up from said pricesLet's see how it performs. Right now I am bullish on the script so will look for long entries
#GLENMARKDisclaimer - I am not a trained or registered analyst. I do this only for my learning.
I am not responsible for anyone's losses or profits.
Glenmark Pharma
Good for possible long upside for 1 : 3 RR
SL of 20 rs.
Swing highs mark the upside resistances and trendline zone is acting as support.
GLENMARK - SWING TRADE Glenmark at 792 - 793 is looking good with Stoploss 780
Target 820, 840, 860
Low Risk High Reward Opportunity...
MACD is turning Bullish on Hourly Chart...
GLENMARK BREAKOUT Glenmark breakout with huge volume, can do 950 in short term, kee the stoploss at 936 on closing basis, add this in 3 parts because market is so volatile nowadays
Triangle pattern breakout in GLENMARKGLENMARK
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 830+.
✅Can Go short in this stock by placing a stop loss below 750-.
GLENMARK long termGLENMARK we can expected upto 1800 RS in 6 to 8 months timeframe, current it will break & retested the support, We can expected good move..
