WIPRO
I am very bullish on WIPRO. Looking at the chart Wipro is possibly forming a "CUP AND HANDLE" which is one of a very bullish pattern.
Points to note:
1. Possible "CUP AND HANDLE FORMATION" is forming (which is highly likely).
2. The 720 level acted as a resistance and the candle retested it (in the past 3-4 times it retested too). I expect Wipro to consolidate a little by completing the "Handle" pattern and after it may give a breakout with an initial target place around 780-790 levels.
3. Support and Resistance are shown on the charts (1Hr timeframe will show those levels in more detail).
According to my opinion, WIPRO will be a big game in a few sessions if it continues the "CUP AND HANDLE" pattern.
THE ANALYSIS IS ONLY FOR KNOWLEDGE PURPOSES. PLEASE ACT WISELY BEFORE TAKING ANY DECISION.
Points to note:
1. Possible "CUP AND HANDLE FORMATION" is forming (which is highly likely).
2. The 720 level acted as a resistance and the candle retested it (in the past 3-4 times it retested too). I expect Wipro to consolidate a little by completing the "Handle" pattern and after it may give a breakout with an initial target place around 780-790 levels.
3. Support and Resistance are shown on the charts (1Hr timeframe will show those levels in more detail).
According to my opinion, WIPRO will be a big game in a few sessions if it continues the "CUP AND HANDLE" pattern.
THE ANALYSIS IS ONLY FOR KNOWLEDGE PURPOSES. PLEASE ACT WISELY BEFORE TAKING ANY DECISION.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.