Glenmark- LONG for med to long term

2021年3月7日

Is it only my feeling?, that Glenmark will go up???.

Maybe, maybe not.

Fundamentally company looks good, also price action wise present price range seems good for a med term investment.

Buy around CMP
SL below 430
with a TGT of 585/ 675

Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a med to long term investment only, its not a positional or an intraday trade, as I used to do normally

2021年3月8日

交易進行

@ 470 I have bought part of my expected allocation for this stock, Will add more when it comes to 460-450

2021年3月18日

註釋

Added few more @ 454
Avg Buy cost now 462

2021年4月6日

註釋

Presently @ 1:1, still holding

494-500 is a mild resistance zone, if able to close above this on daily/ hourly candle then can expect a good upmove.

2021年4月9日

註釋

Presently @ 1:2 risk reward.
Buy avg 462
Present price 524 (60 points+)
SL 430 (32 points)

I will exit part of my holdings.

2021年4月15日

註釋

Now around 550 - a psychological level, there maybe a retracement possible.
If daily candle closes well above 550, then our 1st tgt can be easily reached within few days.

2021年4月16日

註釋

Near TGT 1

Those in trade can start partly exiting when around 580-585 (TGT1)
Today already made a high of 576

Presently more than 1:3 Risk reward

I will be exiting slowly with a final of 25% remaining to exit aroung 600/TGT2

2021年5月9日

交易結束：目標達成

Very very late update- My apologies- I am back on Sailing so I am unable to post in realtime.

TGT1 hit- many days back :O

I have exited 75% of my holdings around 575-580 range.

Of the remaining 25% I will exit few around 600, remaining 650.

2021年6月5日

註釋

With only 10% remaining, I exited the rest at 600.

2021年6月28日

註釋

Closed my holdings on Glenmark @665.
Today's high 672.(3 points from tgt 2).