These 4 reasons indicate the price pullback in next 2 trading days. Prices may test the resistance of 500 and then drop back to 470 levels.
Trade Idea = > Short Wipro below 487, target - 470, stoploss - 505.
Short below 487. All the best.
But not bullish signal yet on charts. Next week as well, short the stock with stoploss above 500 level.
Targets on downside ;
Target 1 - 490.5
Target 2 - 487
Target 3 - 470
Let's see. :-)
Target 1 and 2 reached as expected in this week.
Target - 3 should be met in this week.