A good shorting opportunity
bearish engulfing pattern formed after wipro announced it's result
i have also checked the delivery percentage which was less.
if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate
also price is in overbought region as per RSI indicator.
and lastly it looks like a double...
Wipro is on Multi year breakout. Pull back is happening.
Buy on dips till 340, 320, sl below these levels.
Previous high was close to 500, it is possible we might touch that again, break above 500 it will be new ATH, so follow the trend.
WIPRO is basically good investor friendly share, as it is gives the Bonus regularly and stock splits as...
Any open below 371 on Wipro should be used to enter with a stop Loss of 362 and a target of T1 - 374, T2 - 377.9
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for...
I hope WIPRO inching towards 400 level .....because of the reason i found a BULLISH WEDGE pattern in daily time frame...
So traders pls try to use and jump into this trade once you got the right entry signal..
Best of luck.
The stock showed a 20 %+ growth in fundamental y0y and stock formed a cup an handle pattern and made a break out last week with good volumes. buying at these levels will give a good entry for a huge up move and the whole it sector posted good results this quarter.