Drop your number, and we will call you

NIFTY

9108.00      21.70 0.24%

BANK NIFTY

21122.55      227.05 1.09%
ACC 1396.45 (-0.31%) Link
Symbol     LTP Chng%
WABCOINDIA 6028.30   + 12.22
SFCL 138.40   + 9.45
KEC 208.20   + 9.35
DCMSHRIRAM 298.50   + 7.94
WELSPUNIND 86.60   + 7.58
Symbol     LTP Chng%
NLCINDIA 109.80    -8.84
JINDALSTEL 119.75    -4.58
SADBHAV 308.65    -3.56
SREINFRA 86.00    -3.32
BRFL 133.00    -3.27
View All

Grab Buying Opportunity in Glenmark.

Chhayal
12/18/2016 9:59:07 PM
  1282
  2

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 2 Comments

  • 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

Write your comment below

Client's Spotlight

Technical Indicators

Our Partners

Fyers-traderguide.in
Zerodha-traderguide.in
Tradejini-traderguide.in
slgroup-traderguide.in
  • For sales: +91 74051 00012

  • For support: +91 74053 00012