GLENMARK is an excellent positional BUY!

1 giu 2022

After completing the 5 leg(12345) down move, stock is in ABC correction.......I have reason to believe that the B leg of correction is over and the C leg will stat any time now......the C leg will take the stock to 1027 level.....notice that 161.8% fib extension of A leg lines up exactly with 78.6% which incidentally is the termination point of CYPHER pattern in the making.....This is a positional call.......buy after seeing a bullish set up in lower time frames....buy in small quantities and accumulate as it moves up...