Breakout of descending triangle pattern

31. Okt. 2021

Glaxo has BO'd from triangle pattern...it has been falling since some time, and IF IT CROSSES THE 200 EMA with good volumes in coming days, then i would take a position, not before that...because it could hit the 200EMA and slide down again. This is an idea, not a recommendation...remember the broader market has been falling too since a few days so be cautious.

1. Nov. 2021

Anmerkung

Glaxo opened above 200 EMA..is up 5% today

8. Nov. 2021

Anmerkung

Glaxo is moving up steadily..target 1 achieved..

17. Nov. 2021

Anmerkung

Close to target 2...13.4% move already...1515 to 1730..moved 5% today

25. Nov. 2021

Anmerkung

All targets done..today it has moved almost 10%...CMP 1772