WIPRO End of Fall ??!!

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Chart patterns insist me to go with above titled opinion

REASONS

1. In Monthly timeframe , WIPRO has been trading inside Ascending channel taking support and resistance (shown below)

ảnh chụp nhanh

2. Middle yellow trendline- Resistance turned Support looks favourable for the bounce.

3. Entry(safe) can be made after a good voluminous Breakout out of the white slanting trendline.

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4. SL can the low of the Breakout candle.

As the stock has fell more than 50% , we can even wait for WEEKLY BREAKOUT and then enter upon retracement.

Will update as it moves!!!

Let's wait & watch , how it moves!!!!


NOTE- Just sharing my view...not a tip nor advice!!!
Ghi chú
Good going as expected!!!
Ghi chú
still not entering the trade...As expected it gave BREAKOUT....
waiting for further retracement!!!
Chart PatternsprobabilitysupportandresitanceTrend Analysiswiprowiproanalysis

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