Glenmark good long candidate

29. Apr. 2021

Glenmark spot cmp 570

Counter have given breakout from falling channel structure and recently have given breakout from cup and handle pattern

But in dips till 540 levels
View gets negated below 520 levels
Targets are 650-700-750-800
Time horizon 1-2 months

Good long candidate,,,

4. Aug. 2021

Trade geschlossen: Ziel wurde erreicht

long on counter was recommended around 540 levels
for targets of 708

counter made exact high of 708
targets reached

more bullish view only above 708 on weekly closing basis

167 points in this trade

sorry for late update