ParamjitMahapatro

5 авг 2017 г., 11:29

glenmark looks bearish in medium term

GLENMARK PHARMNSE

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⋅ 5 авг 2017 г., 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.

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⋅ 8 авг 2017 г., 17:24

till now 668.25

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⋅ 10 авг 2017 г., 08:15

till now 632.60, getting beaten quite severely.

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⋅ 19 авг 2017 г., 13:02

till now 610.90

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⋅ 19 авг 2017 г., 13:05

updated wave count :

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⋅ 23 авг 2017 г., 03:33

still going down , closed at 601

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⋅ 27 авг 2017 г., 12:53

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

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⋅ 27 авг 2017 г., 12:54

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⋅ 16 дек 2017 г., 11:11

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

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⋅ 16 дек 2017 г., 11:12

sorry for posting the wrong chart here,

here is the right one

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⋅ 13 мая 2018 г., 02:46

cmp - 515.70,

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

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VikramGopalAimanda

⋅ 9 авг 2017 г., 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 авг 2017 г., 16:50

@VikramGopalAimanda, thanks, I ll check drreddy.

ParamjitMahapatro

⋅ 10 авг 2017 г., 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 авг 2017 г., 08:52

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

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