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k314
Sep 9, 2017 4:45 AM

Wipro Megaphone (Broadening top) Short

WIPRO LTDNSE

Description

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)
Comments
nalinakshi
i donot kow about this megaphone pattern, can you please explain
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