GLENMARK - BULLISH PATTERNMultiple bullish pattern are visible in Glenmark Pharma...Positionally looks good for 660 700 in medium term and then 1000 plus target in long term.
GLENMARK trade ideas
Glenmark: Trap in the making ???- We have analyzed the price action of Glenmark since 2017 on a weekly TF.
- Given that the resistance has been tested multiple times, we as investors will expect it to be weak and a break will mean an up move.
- The fact that Glenmark has given a parabolic move of 63% makes it contradictory
- If you look at the PE ratio, The PE is up like a mountain making its valuation steep
- As they say, the stock market is a paradox. The signals will always contradict.
- I would personally wait for the break and see if the price sustains. I stay biased on red.
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Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
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 ! ! !
GLENMARK PHARMAOne can accumulate this in range of 550-650 with the Sl Of ₹490 and Target of 950 and 1050 good breakout can be seen on a quaterly chart.. lets see if it sustains
GLENMARK PHARMA – Bullish MomentumIn Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
glenmark trend 20.03.23glenmark latest trend , sell glenmark at 447 , new buying opportunity if close above 455
Trendline Breakdown in Glenmark Pharmaceuticals Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BREAKOUT SCAN INTRADAY Stocks nearing 200 day high by 5% & showing consolidation for the past 30 days with volume above 50 day average
Downward movementCan take short for intraday. RSI in overbought zone and MACD patterning divergence and also this point is resistance level in daily chart
GlenmarkGlenmark made butterfly pattern on 30 min TF with good volumes.
Could be bought with mentioned stoploss & target in 1-2 sessions.
#GLENMARK #SANOFI #PFIZER #BPLPHARMA #MARKSANS #BIOCON #GRANULES#GLENMARK
NSE: GLENMARK
CMP: 440
TP: 515
SL: 400
TF: <6m
RR > 2 times
Return > 17%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
GLENMARK LONG (INTRADAY DEC 5)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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GLENMARK
Daily : Stock is in uptrend.
15 min : It has broken Head and Shoulder pattern and it is currently at retest level.
*Wait for the bullishness and we could see an upside movement.
THANK YOU !!!!
GLENMARK LONG (INTRADAY NOV 28)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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GLENMARK
Daily : Stock is in uptrend.
15 min : It has given breakout of Head and Shoulder pattern and it has also made ascending triangle pattern.
*Wait for the breakout and we could see an upside movement.
THANK YOU !!!!
GLENMARK Bullish Trendline Breakout, RetestBroke its daily trendline after it consolidated heavily near 400
Can enter a long trade with 5% risk at CMP 420, with SL 400 for short term targets of 460, 480 and Bigger Targets of 560, 600+
my view on Glenmark Bearish!!!AS per daily chart and another time frames its showing bearish side
if price open below Rs.409 it will down upto Rs.380
GlenmarkGlenmark made flag n pole pattern on hourly charts with good volumes.
Could be bought with mentioned stoploss & target
GlenmarkGlenmark looks like had a blast above 410 level, its just the begining, it wont stop here . Glenmar consolidated for almost 5 months with 2 rejections @ 410 level, finally broke out of it with huge volumes.
Could be bought & hold least till the end of november with mentioned stoploss & target.
