eastwind65

Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit

Long
NSE:GLENMARK   GLENMARK PHARM
Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit.

A Pattern within a Pattern. A long Term Rising Wedge Pattern and a triangle pattern within it.

To go long it has to break the triangle pattern first and the 52 week high at 658.20 and the trend line . The RSI is also falling.

Iam in a dilemma whether to exit now or to wait for my Target at 705.90.
Trade active: Still in the game. Has just broken out of the wefge on the upper side.