glenmark looks bearish in medium term

Telah dikemas kini
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. syot kilat

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

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

Note: this is for educational purpose.
Dagangan aktif
till now 668.25
Dagangan aktif
till now 632.60, getting beaten quite severely.
Dagangan aktif
till now 610.90
Nota
updated wave count : syot kilat
Dagangan aktif
still going down , closed at 601
Nota
regular bullish divergence in daily at horizontal support. short term bounce is eminent.
Nota
syot kilat
Nota
after short term bounce, long term is resumed here, it has broken the horizontal support and moving lower,

syot kilat
Nota
sorry for posting the wrong chart here,

here is the right one

syot kilat
Nota
cmp - 515.70, syot kilat
in weekly, it is in descending channel, downtrend continues....
Bearish PatternsdowntrendElliott Wavewavecount

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