Wipro Megaphone (Broadening top)

Updated
Sell below 295

T1: 290
T2: 285
T3: 290


SL: 301
Note
A closer look

snapshot
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Nice fall made by Wipro from the megaphone top
Note
snapshot
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Nice fall from the megaphone top so far. The situation is bit tricky as Wipro could take a bounce on the old channel top.
We will still go short below the price mentioned

snapshot
Trade closed: target reached
T1: 290 Achieved
T2: 285 Achieved


We will trail our SL to cost and wait for T3: 280
Note
What a fall by Wipro!

snapshot
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Unfortunately our trade didn't get activated due to huge gap down. Still it went as per the analysis so far

Cheers,
tRex
Note
Wipro is a sell on pullback till 295
Trade closed: target reached
Hope traders got a chance to short Wipro on bounce till 295 (made a high of 294.95 on SEP 22)

T1: 290 achieved
T2: 285 achieved
Trade closed: target reached
T3: 290 achieved.

ALL TARGETS HIT!
Trade closed: target reached
T3: 280 achieved (typos)
broadening-topChart PatternsTechnical IndicatorsmegaphoneTrend Analysiswipro

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