tRex88
Short

Wipro Megaphone (Broadening top)

NSE:WIPRO   WIPRO
Sell below 295

T1: 290
T2: 285
T3: 290


SL: 301
Comment: A closer look

Comment: Nice fall made by Wipro from the megaphone top
Comment:
Comment: Nice fall from the megaphone top so far. The situation is bit tricky as Wipro could take a bounce on the old channel top.
We will still go short below the price mentioned

Trade closed: target reached: T1: 290 Achieved
T2: 285 Achieved


We will trail our SL to cost and wait for T3: 280
Comment: What a fall by Wipro!

Comment: Unfortunately our trade didn't get activated due to huge gap down. Still it went as per the analysis so far

Cheers,
tRex
Comment: Wipro is a sell on pullback till 295
Trade closed: target reached: Hope traders got a chance to short Wipro on bounce till 295 (made a high of 294.95 on SEP 22)

T1: 290 achieved
T2: 285 achieved
Trade closed: target reached: T3: 290 achieved.

ALL TARGETS HIT!
Trade closed: target reached: T3: 280 achieved (typos)
i donot kow about this megaphone pattern, can you please explain
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