Glenmark Pharma Trading Idea || RR - 1:7
A triangle pattern can be seen in the formation. Likely to breakout sometime this week. Have picked a SL level which has been a resistance for the duration of the triangle. However, should there be a consolidation before the breakout, I may adjust the SL accordingly. Enter trade only when there is breakout WITH good volumes.
Buy above 509
T1 : 547
T2 : 278
SL : 498
Thanks!
P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.
Buy above 509
T1 : 547
T2 : 278
SL : 498
Thanks!
P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.
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