GLENMARK trade ideas
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!
Trend Reversal in GLENMARKProfit booking was seen in GLENMARK in the last week, huge rejection from higher price and formed a longer wick at upper side of the candle. followed by big bearish candle on weekly basis. wait till this week further correction expected, observe price action at 410 if it falls below 400, 360 is good to price to enter.
Todays performance report 01 July 2020Todays performance report 01 July 2020
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GLENMARK 01 JULY 2020GLENMARK 01 JULY 2020
SHORT-SELL 2/3 LOT OF GLENMARK @ 430
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Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
Kindly message me for profit making signals and trades.
Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
Kindly message me for profit making signals and trades.
First Oral approved favipiravir medication for COVID
Sitting just under resistance at 421 expect this to be taken out on open and the retest IF it happens is a good spot to load up.
Recon this should fly to 574 then get knocked back a bit for a while before flying up with more power .
Might be wrong and the FOMO on this may keep blasting it up , the downtrend line is not that far off so all indicators should turn into buy once that is taken out .
Lets see ..
FabiFlu ride the wave...Keep buying till 385 this should break out of the downtrend line maybe on today's open , if so buy the retest of the breakout.
Counting on the news to pump it a little bit regarding FABIFLU .
Levels are on the chart shall do a LTF next
700 should happen fast on this though 574 area does look busy .
Remember buy the rumor and sell the news so be careful with this one.
GENMARK READY FOR UPMOVE AFTER FAVIPIRAVIR NEWS. Glenmark pharma looks very positive due to the favipiravir medicine. Results to be disclosed on 26th June 2020.
The given lines are near resistance levels where we "may" find some corrections.
Keeping in mind the covid19 situations, stock might boom up to new levels soon. My target is minimum 500.
LONG positions as per your own analysis.
HAHAHA Let's GO. JAI HIND