Glenmark - Intraday Setup Glenmark CMP - 512.10
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets
Sell at or Below 511 ONLY / Stop Loss 518
Target 1 - 508
Target 2 - 505
Target 3 - 501
Disclaimer: This is my view and for educational purpose only.
GLENMARK trade ideas
Glenmark ready for another 30% up?Glenmark broke its 4 downward trend in August 2020 and since then it is consolidating around the same levels.
Any thrust upside could be really quick and furious.
Form march lows, it has also taken 32% Fibonacci retracement level, which usually acts as strong support.
We can go long with a target of 680-700 with recent lows as a SL.
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
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