Can GLENMARK be an OUTLIER / Exception in this Market Mayhem?

215
TF: Daily
CMP: 2110

Following up on my previous post on this script for a potential ATH breakout run (when the price was at around 1800)

GLENMARK - Time for ATH?


The chart looks like is ready to move strongly on the final leg up

Chart is exhibiting Inv H&S formation and also trendline breakout.

I have also marked the possible internal counts for this final leg up

The analysis is self-explanatory.

Price is trading above all the key moving EMAs and CLOUD as well... Overall bullish structure is intact on this counter, unless a significant fall takes it below 1850-1780


Chart with counts from Covid lows is copied below for better understanding

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Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
トレード稼働中
Didnt expect this to give a strong move (5%) the very next day :) 2220 now

Measured move targets are marked herein.. hoping for a pullback entry.. lets see

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ノート
2100 to 2300 in two days.. (Almost about 10% ) the word OUTLIER is the best match for this script this time..

Dont be greedy and chase this.. wait for a pullback..

Since this is final leg up, I wouldnt participate on this further..

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