InsiderB

Wipro : Channel Breakout happened, check ur plan !

NSE:WIPRO   WIPRO LTD
IT stocks are already on deep crisis, there is no takers for them, with GST n other euphoria people are going for FMCG ,Infra, Auto, banks, so here comes Wipro which is in Bearish trend for quite a while. The reasons are :
(i) Channel Breakout happened already
(ii) Potential Double Bottom around 472, so note that
(iii) Bearish Trend - Bearish Breakout, Good for directional traders

Check ur plan n decide !