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GLENMARK PHARMACEUTICALSGLENMARK PHARMACEUTICALSGLENMARK PHARMACEUTICALS

GLENMARK PHARMACEUTICALS

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GLENMARK trade ideas

Glenmark: Trap in the making ???- We have analyzed the price action of Glenmark since 2017 on a weekly TF. - Given that the resistance has been tested multiple times, we as investors will expect it to be weak and a break will mean an up move. - The fact that Glenmark has given a parabolic move of 63% makes it contradictory - If you look at the PE ratio, The PE is up like a mountain making its valuation steep - As they say, the stock market is a paradox. The signals will always contradict. - I would personally wait for the break and see if the price sustains. I stay biased on red. What are your thoughts? Feel free to comment. And, If it helped, Do Leave us a boost👍. Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:GLENMARK
by TheChartereds
4
#GLENMARK #SANOFI #PFIZER #BPLPHARMA #MARKSANS #BIOCON #GRANULES#GLENMARK NSE: GLENMARK CMP: 440 TP: 515 SL: 400 TF: <6m RR > 2 times Return > 17% THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:GLENMARKLong
by Rachit_Sethia