profitpujari

#GLS long term breakout trade setup (25/12/23)

NSE:GLS   GLENMARK LIFE SCIENCE LTD
Greetings Folks,
today I have prepared a setup of GLS
on NSE
the analysis is as follows-
- the price is consolidating in a 160+ day structure
- the price is very contradictory, it can breakout either side, and it may even go sideways further
- i am bullish overall, but still due to the current fall in the index i am not confident in entering this trade right away
don't play with fire, always use a predefined stoploss

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