WIPRO LTDShort
WIPRO - SHORT- 1D - Channel Pattern
Updated
Wipro is currently on a Downtrend for over a year now. The IT sector overall looks bearish and on Wipro, you can spot a beautiful channel pattern forming and price-making lower Highs.
It has a roughly 1:3 RW Ratio.
Entry - (382-384)
SL - 390
Tar - 360
It has a roughly 1:3 RW Ratio.
Entry - (382-384)
SL - 390
Tar - 360
Note
Stop loss Hit. You can wait for the price to further fall into the channel pattern and then you can take a similar trade with similar target and SL.Check out my other analysis posted on the community forum.
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