Description
⋅ Wipro after fall from 734 to 400 level has taken support near the 61 percentile of fibonacci retracement and is consolidating.
This is long term view based on predictive trend chart.
Long for a target of 830 once it closes above 420 on monthly basis
Very small stop loss will be 380 on monthly closing basis.
Comment
⋅ havent breached the golden ratio yet even after multiple attempts. Stock is in consolidation.
Comment
⋅ Only go long once it closes above 420 on monthly closing basis.
Comment
⋅ only enter the stock if it closes above 420 on Monthly closing basis.