Hi traders,
Turning our attention to WIPRO , we can observe that the price has been traded inside the upward-sloping channel .On another hand , relative strength index indicates an overbought territory and the price is approaching the resistance line , therefore we believe that the short position can be taken when the price retests this resistance line . The target would be at the up-slopping support . Invalidation of this thesis would be successful close above the up-sloping resistance line.
Turning our attention to WIPRO , we can observe that the price has been traded inside the upward-sloping channel .On another hand , relative strength index indicates an overbought territory and the price is approaching the resistance line , therefore we believe that the short position can be taken when the price retests this resistance line . The target would be at the up-slopping support . Invalidation of this thesis would be successful close above the up-sloping resistance line.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.