Glenmarktrend
Glenmark - Elliott Wave CountGlenmark - 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
Glenmark Pharma Buy
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 RIDE ! ! !