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NIFTY

8384.85      -27.95 -0.33%

BANK NIFTY

18998.25      -98.20 -0.51%
ACC 1318.55 (-0.94%) Link
Symbol     LTP Chng%
JBFIND 252.50   + 12.05
BALKRISIND 1187.00   + 9.77
TTKPRESTIG 5888.00   + 4.97
POLARIS 168.25   + 4.50
UPL 733.05   + 4.32
Symbol     LTP Chng%
DEEPAKFERT 268.30    -4.57
TV18BRDCST 36.60    -3.17
FORTIS 185.95    -2.85
IL&FSTRANS 113.35    -2.79
RELIANCE 1047.55    -2.67
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Grab Buying Opportunity in Glenmark.

Chhayal
12/18/2016 9:59:07 PM
  672
  3

Grab Buying Opportunity in Glenmark.

From pharma sector Glenmark shows good opportunity for going upside, on the basis of technical analysis.

On 16th December it has given closing above EMA 50.  On that day also given positive crossover of EMA20 and EMA50.

 


On the day of 12th December Glenmark had given Supertrend 14,2 crossover.  One positive news was also there about launching of generic drug for cholesterol in US. After that positive crossover it has sustained his position above Supertrend 14,2 as well as sustained position above pivot level.

On 16th December Glenmark opened at 906 and made low of 896.76,   EMA 50 level is 897 from that it took support and made high of 934 with good volume.


Glenmark price might go ups, in its up site rally first hurdle is Resistance1 level is at 977 and second hurdle is previous month high on 994. If we check weekly chart of Glenmark, previous week candle shows good buying pressure and also sustained above weekly pivot level.

Total 3 Comments

  • Satish
    12/26/2016 11:03:28 AM

    No need to buy this software.....just go to daily fx.com....select exchange.......you can find this chart absolutely free......... this is just wast of money......there are lot of free sites which gives you live buy sell signals.. also you can go to www.marketcalls.com


    Reply    Vote


  • jignesh
    12/22/2016 3:36:32 PM

    good but can it reach level of 1000?


    Reply    Vote


  • thanavel
    12/21/2016 11:51:51 AM

    technicalchart


    Reply    Vote

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