TradingView
eastwind65
Jun 22, 2021 12:46 PM

Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit Long

GLENMARK PHARMNSE

Description

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.
More