Wipro is currently on a Downtrend for over a year now. The IT sector overall looks bearish and on Wipro, you can spot a beautiful channel pattern forming and price-making lower Highs.
It has a roughly 1:3 RW Ratio.
Entry - (382-384)
SL - 390
Tar - 360
It has a roughly 1:3 RW Ratio.
Entry - (382-384)
SL - 390
Tar - 360
Note
Stop loss Hit. You can wait for the price to further fall into the channel pattern and then you can take a similar trade with similar target and SL.Check out my other analysis posted on the community forum.
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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.
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.