GLENMARK PHARMACEUTICALSZaktualizowano

glenmark looks bearish in medium term

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. snapshot

Now counting the fractals of wave C shows that, sub wave [iii] going on.
snapshot

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

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

snapshot
Uwaga
sorry for posting the wrong chart here,

here is the right one

snapshot
Uwaga
cmp - 515.70, snapshot
in weekly, it is in descending channel, downtrend continues....

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