GLENMARK LONG (INTRADAY NOV 28)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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GLENMARK
Daily : Stock is in uptrend.
15 min : It has given breakout of Head and Shoulder pattern and it has also made ascending triangle pattern.
*Wait for the breakout and we could see an upside movement.
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GLENMARK trade ideas
GlenmarkGlenmark looks like had a blast above 410 level, its just the begining, it wont stop here . Glenmar consolidated for almost 5 months with 2 rejections @ 410 level, finally broke out of it with huge volumes.
Could be bought & hold least till the end of november with mentioned stoploss & target.
GlenmarkHello and welcome to this analysis
Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD.
The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374. Confirmation if it sustains above 390.
Good risk reward set up scenario of a higher low formation which could lead to a higher high thereon till its falling trendline
inverted head & shoulder breakout patternGlenmark is consolidating in a particular range for more than 4 months it is making inverted head & shoulder pattern, 545.85 is very imporatant fib resistance level for this particular stock if this level breakout and price sustain above this go for long with price target of 604 around 9%.