glenmark pharma has completed bull run of 5 waves and now its in a correction zone which is in 3 waves, out of which one wave is completed as per my analysis, so it can be longed immidiately with a strict stop loss and target ..... Also risk reward is very favourable for ultra short term view.
Breakout after long rangebound triangle pattern, enter on retest NEAR UPPER TRENTLINE OR NEARBY SUPPORT AREA! and keep trailing your stoploss when the ride starts!
BEGINNERS TRADE ONLY AFTER LEARNING PROPER TECHNICAL ANALYSIS
Its doing correction on its 3 hourly time frame
One can accumulate for long terms/short term
Immediate targets of 500
Safe traders can enter once and hourly candle closes above 416
