GLENMARK expected move in coming daysFor a cup and handle it should touch 433 if breakout not done.
Above 480-485 closing it will give breakout to rounding bottom which will take it to 520-546-569-600
GLENMARK trade ideas
WHY BROKERS ARE EXTREMELY BULLISH ON GLENMARKBECAUSE ITS A SAFE BYTE
1 PHARMA COMP.
2 www.livemint.com { FIRST COMP APPROVED FOR FABI 400 MG TAB]
TIME SCALE TWO WEEK TARGET 483 503 586 614
ACCUMULATE ON EVERY DIP.
470 POINT OF NO RETURN Just a quick update on the earlier graph this looks like has flipped 457 into support successfully and tested it several times.
470 is where i see this breaking the downtrend and exploding up to 490 at the least after dipping back to retest 470 breakout zone.
lets see how this plays out in the morrow .
buy on the retest or the if it dips on open. just keep in mind the levels and avoid shorting this unless you are really fast...
goes without saying SL tad below 457 .
Since its Freaky Friday expect anything though i feel we go up...
GLENMARKNSE:GLENMARK
CAUTION - Chart on small time frame
After the upmove, its trying to take suport around 442.50 and reversing, so if anyone holding it, can consider the levels given and trade accordingly.
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1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
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Big Moves coming up...Anyone fancy a quick 25% hop onto this 574 up next and should flip that since it is a break from the long term downtrend line IF it happens .
422 lower support for this so any dip on this would be a good entry since the cure and current orders with them should easily blast this through.
Nifty looking to bounce as well in my opinion 11350 would be nice so eyes on this for a intra day opp..
buy on the retest if it does break out or hop on straight away and enjoy the ride
Lets flip 574 then go on to 699Looks like a big move is incoming , 444 dip is where i'm looking to load up on a swing .
last time it was at this level 22nd of June , it did a crazy move to blast off but the retest did not hold so this attempt at the long term downtrend line should be successful unless 3rd time is a charm.
Targets on the chart . HTF chart posted way back so can check that to see the downtrend line and macro outlook .
Nice Intra day opp , may set up for a Tuesday lift though i think the force is strong with this one. FabuFlu effect?
As always playing the levels and may jump in on breakout.. lets see what Monday brings us.
Rejection from Resistance #Nifty GlenmarkLong wick at weekly resistance denotes a good resistance, my view is quite bearish for this stock.
Clear today for trade from its yesterday rangeIt was not so difficult to trade this, as if stock was in tight range for last 6 hours then next day has to be trending and here are its results , self explanatory.
6 Hours of trading in tight Range Last 6 Hours this Stock is trading in Tight Range ,for sure it will give a good breakout in near term, be vigilant and earn .
370 or 574 first?This sweetheart played out to perfection and now has understandably got a new generation of bag holders who my guess is might have cut their losses and moved on .
The market cap for this has grown some insane amount however i feel an entry here with a tight SL at
418.45ish maybe and we breakout to the upside.
Shall see how this plays out on the open loose this support at 422 where we bounced so nicely from
Then i'd be concerned and buy back later maybe at 371.
This is still India's first vaccine trial for COVID and may just give us 699 so bag holders hang in there!
