glenmark upside after correction
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 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
Short 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 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.
target 484 , for further follow previous charts
BECAUSE 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.
Levels on chart, please trade with your personal risk.
as per chart
BUY GLENMARK PHARMA FOR TARGET OF T1 481.2 T2 489 & T3 520
Todays performance report 01 July 2020 Dear traders it’s great to be here sharing ideas and thoughts with each one of you. Coming back to business, we have given 2 recommendations today 1. GLENMARK sell @ 430 - targets reached profits made 2. Jublfood sell @1713 - targets reached profits made Our total 2 signals today (given to subscribed clients) each...
GLENMARK 01 JULY 2020 SHORT-SELL 2/3 LOT OF GLENMARK @ 430 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...