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Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit
GLENMARK PHARMACEUTICALS
Long
Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit
By eastwind65
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Updated
Jun 28, 2021
5
Jun 22, 2021
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.
Jun 28, 2021
Trade active
Still in the game. Has just broken out of the wefge on the upper side.
Chart Patterns
falling
Trend Analysis
Wedge
eastwind65
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