This is the daily timeframe chart of Wipro.
Wipro has been forming a falling wedge pattern, and the stock has given a breakout near the ₹250 level.
The breakout has also occurred above the long-term support zone of ₹225–₹240, which strengthens the bullish structure.
If this momentum continues, then any dips from the current levels may offer strong risk-reward opportunities and potentially lead to a bigger rally.
In the shorter timeframe, the potential upside target for Wipro stands near the ₹280 level..
Thank you.
Wipro has been forming a falling wedge pattern, and the stock has given a breakout near the ₹250 level.
The breakout has also occurred above the long-term support zone of ₹225–₹240, which strengthens the bullish structure.
If this momentum continues, then any dips from the current levels may offer strong risk-reward opportunities and potentially lead to a bigger rally.
In the shorter timeframe, the potential upside target for Wipro stands near the ₹280 level..
Thank you.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.