GLENMARKIm not an expert im just sharing my views on GLENMARK for tomorrow
Im not responsible for any profit or loss this is not a recommendation
GLENMARK trade ideas
For Intraday on 17th NovemberShort sell on 17th November.
Note: My analysis is only for educational purpose.
Glenmark - Trendline BreakoutGleanmark trying to give trendline breakout and seems this time it will cross the resistance zone as it was already attempted thrice. Target on chart.
R-0227 Short Term Cash Buy GLENMARK @505.00-507 SL 487 TGT 545Short 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 - Intraday Setup Glenmark CMP – 497.20
Looking very bullish. One can go long on this stock for Intraday trade setup with the following entry, exit & stop loss.
Buy range 495 - 500 / Stop Loss 490
Target 1 - 505
Target 2 - 510
Target 3 – 515 / 520
Note: This is my view and for educational purpose only
GLENMARK 1HRBEARISH BAT Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
Professionals have no interest to the upside – low volume.
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Glenmark at SupportGlenmark 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.
GLENMARK LONG ABOVE 485 TARGET 510 530 550+ SHOT TERM SUPPORT PLACED AT 440 (STRONG RESISTANCE 490 SAFE CAN ENTER ABOVE 493 494)
GLENMARK - ready to fly for 15%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 chart.
Please like, comment, and subscribe; if you find value on my analysis and/or liked my strategy.
Good Lucks.
GLENMARK expected move in coming daysFor a cup and handle it should touch 433 if breakout not done.
Above 480-485 closing it will give breakout to rounding bottom which will take it to 520-546-569-600
WHY BROKERS ARE EXTREMELY BULLISH ON GLENMARKBECAUSE 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.
