GLENMARK trade ideas
glenmark pharma bullish viewbullish on monthly and weekly charts
buy at cmp for frst target of 650
just for reference do your own analysis
Flag Pattern Break outi can see flag pattern BO in weekly time frame
CMP 535.50
Target 560,660+
SL 502
glenmark H&S patternGlenmark broke out a good ascending triangle pattern 2 days back
and now forming a nice head and shoulders pattern which kinda signifies it wants to come back and restest the levels again so that it can continue to move in the long way
for intraday, you can stay bearish tomorrow but on a long term I think this is going up
GLENMARKIm not an expert im just sharing my views on GLENMARK for tomorrow
Im not responsible for any profit or loss this is not a recommendation
For Intraday on 17th NovemberShort sell on 17th November.
Note: My analysis is only for educational purpose.
Glenmark - Trendline BreakoutGleanmark trying to give trendline breakout and seems this time it will cross the resistance zone as it was already attempted thrice. Target on chart.
R-0227 Short Term Cash Buy GLENMARK @505.00-507 SL 487 TGT 545Short Term Cash Buy GLENMARK @505.00-507 SL 487 TGT 545
TK cross over at 493 + Ichimoku cloud break out 497 + Above VWAP 500 + Resume uptrend post consolidation + Pivot 480 and next resistance 520/543/634
Glenmark - Intraday Setup Glenmark CMP – 497.20
Looking very bullish. One can go long on this stock for Intraday trade setup with the following entry, exit & stop loss.
Buy range 495 - 500 / Stop Loss 490
Target 1 - 505
Target 2 - 510
Target 3 – 515 / 520
Note: This is my view and for educational purpose only
GLENMARK 1HRBEARISH BAT Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
Professionals have no interest to the upside – low volume.
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Glenmark at SupportGlenmark at Crucial Support of 459, if breaks, then can test 418, if consolidates at 459-465 then can give move up to 540 by 20th September 2020. Wait and watch if 459-456 levels are respected.
GLENMARK LONG ABOVE 485 TARGET 510 530 550+ SHOT TERM SUPPORT PLACED AT 440 (STRONG RESISTANCE 490 SAFE CAN ENTER ABOVE 493 494)
