GLENMARK PHARMACEUTICALSAggiornato

glenmark looks bearish in medium term

in weekly, wave C is going on.

in closure look, there are a lot much left of wave C.

wave B retraced 50% of wave A, so wave C should be extended. istantanea

Now counting the fractals of wave C shows that, sub wave [iii] going on.
istantanea

looking at the retracement levels it can plunge below 560 levels. So one should exit in every bounce.
istantanea

Note: this is for educational purpose.
Trade attivo
till now 668.25
Trade attivo
till now 632.60, getting beaten quite severely.
Trade attivo
till now 610.90
Nota
updated wave count : istantanea
Trade attivo
still going down , closed at 601
Nota
regular bullish divergence in daily at horizontal support. short term bounce is eminent.
Nota
istantanea
Nota
after short term bounce, long term is resumed here, it has broken the horizontal support and moving lower,

istantanea
Nota
sorry for posting the wrong chart here,

here is the right one

istantanea
Nota
cmp - 515.70, istantanea
in weekly, it is in descending channel, downtrend continues....

Declinazione di responsabilità