TradersVenue

Weak_LHLL

Short
NSE:WIPRO   WIPRO LTD
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Wipro since results, making LH-LL price structure in daily scale. Stock is trading below 23.6% retracement levels. Once it closes and sustains below 38.2% retracement level i.e. 415.96 then high chances stock revisits 384/362 levels.

How to trade with lowest risk may be 5000 per lot, you need to learn hedging. SL is NA if trading with fixed risk strategies which had min risk on upside.
Comment: Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

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