GLENMARK trade ideas
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.
Conditional Positional view GLENMARK 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 PHARM Rising Wedge Pattern Formation*GLENMARK PHARM*
Time Frame : Daily
Observation:
* Rising Wedge Pattern Formation
* Swing High Brake.
Resistance/Target: 420 439 460 477
Support : 368 352
GLENMARKGLENMARK - Momentum buildup at major demand zone
One can go long with a SL of last swing low.
Glenmark Pharma >> Ready to Swing>>> Long & short Trade Glenmark Pharma >> Ready to Swing>>> Long & short Trade
Glenmark - Wolfe Wave and Potential CypherGlenmark is near to demand zone but not a significant one, Forming wolfe wave but potential cypher and significant demand aligned at lower side.
GlenmarkHello and welcome to this analysis
Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD.
The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374. Confirmation if it sustains above 390.
Good risk reward set up scenario of a higher low formation which could lead to a higher high thereon till its falling trendline
Glenmark PharmInvestment 1 2 year for good returns
Return 100/200%
Good stock
Fundamentals as well as technical
GLENMARK Buy Given a pattern breakout..cup handle or even a Head and shoulders can apply...whatever it is its gone to a new up zone
