Aggressive Short call on Wipro

Jan 16

WIPRO Aggressive Short call on Wipro hovering near support zone if broken can give good swing, with MACD Showing Weakness, This is Purely Aggressive Trade and its Results are around the corner.

Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader.

Target(Take Profit):
Around 262 to 265 Levels for Swing Trade.

Stop-Loss:
Around 309-313 or When Breaches 20 DSMA For Swing Trade.

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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

Jan 17

Trade active

If Taken for Swing Today Morning made a low of 280.50
Closed Below the Channel as Mentioned.
Results Reaction to be Seen on Monday.
Keep Tight Stop Loss as Mentioned.

Jan 20

Trade closed manually

Results Came good but in the Con-call Management was not confident about revenge growth, as you can see it made an indecisive doji kind Candle with a 6% Upmove but it is better to avoid it now this trade.
Only if you are an aggressive trader wait until stop loss gets hit

Jan 22

Note

Now Looking Bullish on Weekly Charts as this short Trade Failed Gives More Conviction.