In the past
WIPRO
was in a Down Trend, thereafter a Descending Channel formed in this chart which is a Bullish Pattern.
Recently price was able to create a HH in this chart which is also a signal for the beginning of a New Uptrend.
And the price is currently reacting from a Trap Zone, this should ideally take the price up.
The First Target is 452 and Second Target would be approx. 523
WIPRO
was in a Down Trend, thereafter a Descending Channel formed in this chart which is a Bullish Pattern. Recently price was able to create a HH in this chart which is also a signal for the beginning of a New Uptrend.
And the price is currently reacting from a Trap Zone, this should ideally take the price up.
The First Target is 452 and Second Target would be approx. 523
Trade closed: target reached:
First and Second achieved.
