glenmark looks bearish in medium term

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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. ảnh chụp nhanh

Now counting the fractals of wave C shows that, sub wave [iii] going on.
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looking at the retracement levels it can plunge below 560 levels. So one should exit in every bounce.
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Note: this is for educational purpose.
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till now 668.25
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till now 632.60, getting beaten quite severely.
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till now 610.90
Ghi chú
updated wave count : ảnh chụp nhanh
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still going down , closed at 601
Ghi chú
regular bullish divergence in daily at horizontal support. short term bounce is eminent.
Ghi chú
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Ghi chú
after short term bounce, long term is resumed here, it has broken the horizontal support and moving lower,

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Ghi chú
sorry for posting the wrong chart here,

here is the right one

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Ghi chú
cmp - 515.70, ảnh chụp nhanh
in weekly, it is in descending channel, downtrend continues....
Bearish PatternsdowntrendElliott Wavewavecount

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