vyas1394

WIPRO view and levels for next two days

NSE:WIPRO   WIPRO LTD
NSE:WIPRO
Wipro looks to be in a good value are. Entered the stock since the risk to reward looks good.
Tweezer bottom at a very good confluence of support(trendline+200ema/15min+support at 50% fib retracement). confirmed by good volume buying.
Can be watched for next two days
Last 2 15min candle shows good volume of buying there.
planning to exit the trade on Friday.
Nifty IT also shows a morning star pattern in 15min time frame at 38% retracement.
If opens gap up tomorrow it will be a good sign.
Comment: Stochastic also shows a bullish confirmation
Comment: exited the trade on wipro. It may reach 560. My risk to reward is achieved hence exited the trade
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