ParamjitMahapatro

5 Ags 2017 pukul 11.29

glenmark looks bearish in medium term

GLENMARK PHARMNSE

Deskripsi

⋅ 5 Ags 2017 pukul 11.29

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.

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

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

Note: this is for educational purpose.

Trade aktif

⋅ 8 Ags 2017 pukul 17.24

till now 668.25

Trade aktif

⋅ 10 Ags 2017 pukul 08.15

till now 632.60, getting beaten quite severely.

Trade aktif

⋅ 19 Ags 2017 pukul 13.02

till now 610.90

Komentar

⋅ 19 Ags 2017 pukul 13.05

updated wave count :

Trade aktif

⋅ 23 Ags 2017 pukul 03.33

still going down , closed at 601

Komentar

⋅ 27 Ags 2017 pukul 12.53

regular bullish divergence in daily at horizontal support. short term bounce is eminent.

Komentar

⋅ 27 Ags 2017 pukul 12.54

Komentar

⋅ 16 Des 2017 pukul 11.11

after short term bounce, long term is resumed here, it has broken the horizontal support and moving lower,

Komentar

⋅ 16 Des 2017 pukul 11.12

sorry for posting the wrong chart here,

here is the right one

Komentar

⋅ 13 Mei 2018 pukul 02.46

cmp - 515.70,

in weekly, it is in descending channel, downtrend continues....

Komentar

VikramGopalAimanda

⋅ 9 Ags 2017 pukul 14.50

Good one bro, even I have the same count for decline, also see drreddy weekly same pattern, end might be near

ParamjitMahapatro

⋅ 9 Ags 2017 pukul 16.50

@VikramGopalAimanda, thanks, I ll check drreddy.

ParamjitMahapatro

⋅ 10 Ags 2017 pukul 08.20

@VikramGopalAimanda, Hello, here I am adding Drreddy, yes it has the similar count for decline, currently it is in sub wave [v] of wave C, and it has good probability to get extended.

VikramGopalAimanda

⋅ 10 Ags 2017 pukul 08.52

@ParamjitMahapatro, i too have same wave count, but not expecting extension, as of now

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