B-Power

Short ! Glenmark Pharma

Short
NSE:GLENMARK   GLENMARK PHARM

Hi,

1. AB = CD Pattern drawn on Recent Close Price of Day Chart.

2. AC = 0.618, Assuming BD = 1.27 D Point Form at 348.

3. Price have started fall from the D Point fo AB=CD Pattern .

4. On 30 Minutes Chart, XABCD Pattern

5. XA Drawn from LL to HH , AB Drawn on HH to LL(New) , BC = Drawn on LL(New) to HH(New)

6. XB=0.62(Near to 0.618) , AC=0.885(Near to 0.886). These two level satisfy Bullish Bat Formation.

7. to Complete the bullish Bat Formation. Assuming XD=0.786(the level required for Bat Formation Pattern)

8. Formation of BD= 1.30(Near to 1.27) , which also satisfy the BAT Formation Pattern.

9. D Point Formed at 317, which also a Resistance level

10. Sell Below 333 Target 330, 328, 325 , 321 , 317( Final). Stop Loss 336

IF YOU LOVE MY STUDY PLEASE LIKE IT. IF YOU WANT MORE STUDY LIKE THIS FROM MY SIDE PLEASE FOLLOW HERE

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.