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praveen.bhatiya

Small Risk potential Reversal Trade !

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GLENMARK PHARM (NSE:GLENMARK)  
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NSE:GLENMARK   GLENMARK PHARM
Support and Resistance Candlestick Analysis GLENMARK NIFTY LONG Divergence smallrisk
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supportandresistance candlestick glenmark nifty long divergence smallrisk
I have observed that there is a divergence in the RSI oversold area and today's Bullish Engulfing could offer a good trade with small risk. One can trade the stock as under

Entry current Price 425
SL 405
Target 497
Risk/Reward Ratio 4.4

Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

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Penafian

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