WIPRO LTD
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WIPRO Longterm view

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Excellent chart pattern..

1. Made high in year 2000 -- 350.
2. Traded in a channel for a long time and broke out of 350 resistance.
3. Made high of 700 -- Exact 2x.
4. Dropped back only to get support at exact 350.

Bullish engulfing on Monthly time frame
Risk: Reward a mouth watering 1:8

WIPRO announced Shares buyback.
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This is a long term stock. It may take lot of time to reach target.. But high conviction in this.
Ghi chú
Stock moving as expected.. Need lot of patience in this counter.
Ghi chú
SL moved to 400.
Chart PatternsTrend Analysis

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