WIPRO - Breakout (Bearish Pennant Continuation Pattern) Short

WIPRO LTDNSE

Description

⋅ Oct 23, 2020 8:46 AM

As per the price action on hourly chart, it is observed that the price action consolidated after a sharp correction to the previous gap up levels. Now price action formed a pennant triangle pattern, indicating continuation of prior strong bearish move. The price action may further fall down to 325-330 levels.
It is a low risk, high reward trade setup.
T1- 335 T2- 325 SL- 348

Trade active

⋅ Oct 23, 2020 8:47 AM

Trade closed: target reached

⋅ Oct 27, 2020 6:58 AM

T1 reached

Comments

pawanwindy2488

⋅ May 21, 2021 10:30 AM

Hope it falls more then what u have targeted so I can buy more when reaches below 320.

prabuddhasanchi

⋅ Oct 24, 2020 9:39 AM

Hello Neetesh, i am new on tradingview & will see result

shivajikondekar

⋅ May 25, 2021 4:02 AM

ALL READY BUY AT 130 WEALTH PICK, DERISK AT DOUBLE MY TGT - 420 , THANKS YOUR VIEW

Kakerot

⋅ Oct 24, 2020 5:50 AM

I think I would rather wait until 338 doesn't get broken to give confirmation. until then its just a triangle pattern to me