Wipro is trending inside the channel. Evening star formation and volume indicates the stock is getting weak. Sell wipro below 475 with stop loss 479. Targets are 452 and 440.
Trade active
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This week I am checking what mistakes I am doing in trading entries. Trading entry against the main index and trading entry along with the main index.
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Evening star's high should be the stop loss. When entering a trade late, makes the trade risky as we adjust the stop loss. Trade entry not at the right time.
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Mr. President Elect of US(Trump) created a bearish view about IT companies. This post is based on emotion rather than technical. Learnt the lesson "follow the chart".