ParamjitMahapatro

glenmark looks bearish in medium term

NSE:GLENMARK   GLENMARK PHARM
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.
Now counting the fractals of wave C shows that, sub wave going on.

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

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

評論:
sorry for posting the wrong chart here,

here is the right one

評論:
cmp - 515.70, in weekly, it is in descending channel, downtrend continues....
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。