WIPRO LTDLong
Wipro - Trading above 200 EMA
Wipro started trading above 200 EMA after more than year. Weekly chart above
Breakout happened with strong volumes yesterday.
CMP - Around 415
Target 1 - 450 (8%) , previous swing high
Target 2 - if it consolidates around 450 then can touch 500 and above.
Stop Loss - 399 (4%)
Good risk reward. Holding position from 403 level.
Posted for educational purpose.
Breakout happened with strong volumes yesterday.
CMP - Around 415
Target 1 - 450 (8%) , previous swing high
Target 2 - if it consolidates around 450 then can touch 500 and above.
Stop Loss - 399 (4%)
Good risk reward. Holding position from 403 level.
Posted for educational purpose.
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