Wipro Intraday Short Entry with Multi TF Assemblage

Nov 5, 2019

WIPRO Weekly price at a good resistance zone with shrinking green candles giving a slight negative bias of a quick short. Daily is in an uptrend after the recent TL break. To confirm a trend change, the new TL needs to be broken in daily which has not yet happened. However, we look for an aggressive entry based on the 15 min TF based on the following:

1. EMA crossover
2. Big red candle rejection of the pivot and 50 EMA.
3. Break of 15min support.

Once TL is broken in Daily, we can add on to the trade as it gives a clear bearish confirmation.

Nov 8, 2019

Trade active

Trade active since 5th Nov. Aggressive entry!

Nov 18, 2019

Trade closed: target reached

Target hit today. Booked 20k in this one! Checkout twiiter.com/afzal_57 for screenshots of the trade!