Glenmark Pharma has completed a long-term inverted Head & shoulders pattern. It is now looking bullish with an upside move of INR 500 from current levels. Almost 2x. At present it is at the 0.5 resistance level of the Fibonacci chart
Glenmark - Elliott Wave Count the market seems like near wave B. we can expect one more impulse move upward and then the market likely to fall to wave C. Please note that this information is for educational purposes only, and it is crucial to trade with caution. NSE:GLENMARK NSE:GLENMARKZ2023 BSE:GLENMARK
Greetings Folks, today i have prepared a setup of GLS on NSE the analysis is as follows - price is in a range structure right now - we are looking for a breakout in upper side - if the price opens with gap up, better to enter at minor retracement - if price dont breaks the range by noon, we wont initiate the trade dont play with fire, always use a predefined stoploss
Wave 1 and 2 are both 3 wave sequence structures and Wave 3 will be a 5 wave sequence structure as wave 2 has closed by reatracing wave 1 by more than80% and less than 100% which suffices the rules of wave 1 and 2 Price has formed a 6 Month Demand and the Target is derived as per the FIbo ratio of 161.80% which gives a Reward : Risk ratio of 16.8:1 ENJOY THE...
gleanmark has gave a breakout from the trendline and wait for the break high .
My conditional view on NSE:GLENMARK Best level to take entry is 373. Will hold till target of 397, 409 & 425 Exit if price trade below 361 Note: This is my personal analysis, only for learning. Thanks.
Glenmark possible up move broke up and retested the upper line of down trend
Glenmark Pharmaceuticals is looking very bullish prior to its earnings. Daily RSI has formed a huge inverted H&S with a breakout. Down trendline broken Price has crossed above 20 and 40 SMA on the daily chart Three inside up candle pattern formation on the weekly chart
Took support in weekly demand zone. Buy at current price with target 615 ( stoploss daily close below 485)
DATE: 02 SEP 2021 INSTRUMENT:GLENMARK TREND: BUY TIME FRAME: DAY CMP: 538.40 BUY ABOVE: 540 STOP LOSS: 519 TGT 01: 550 TGT 02: 578 TGT 03: 594 RISK DISCLOSURE: We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your...
Glenmark Pharma is weak structure on higher time frames.. 659-660 levels very crucial to conquer for any bull run further... Levels plotted..... Enjoy.. Please do Like... Share and Follow....
BUY GLENMARK CMP 603 MORE ADD 596 SL 575 TGT 630 / 654 SOOON
glenmark heading for monthly trend change above 700-720 zones
Sustaining 530 levels can take stock towards 600 levels.
GLENMARK - bouncing back from lower levels Above 516-517 --- we will see next target of 575 - beyond this can test 645-650 levels. Add to watch list - trade carefully.
glen mark given breakout from fallign wedge and there was breakt in higher time frame too
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
DISCLAIMER: As a trader, you should consider your own risk: reward ratio and do proper lot sizing according to your margin and leverage level. This analysis is a trading idea, not a trading signal for you. Consult your financial advisor before making any trade. My own trend direction estimation, entry point, stop loss and take profit levels are on the...