Short ! Glenmark Pharma

٣ مايو ٢٠٢٠

Hi,

1. AB = CD Pattern drawn on Recent Close Price of Day Chart.

2. AC = 0.618, Assuming BD = 1.27 D Point Form at 348.

3. Price have started fall from the D Point fo AB=CD Pattern .

4. On 30 Minutes Chart, XABCD Pattern

5. XA Drawn from LL to HH , AB Drawn on HH to LL(New) , BC = Drawn on LL(New) to HH(New)

6. XB=0.62(Near to 0.618) , AC=0.885(Near to 0.886). These two level satisfy Bullish Bat Formation.

7. to Complete the bullish Bat Formation. Assuming XD=0.786(the level required for Bat Formation Pattern)

8. Formation of BD= 1.30(Near to 1.27) , which also satisfy the BAT Formation Pattern.

9. D Point Formed at 317, which also a Resistance level

10. Sell Below 333 Target 330, 328, 325 , 321 , 317( Final). Stop Loss 336

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