WIPRO BULL REVERSAL SETUP

WIPRO

Wipro Ltd. is a global information technology, consulting, and outsourcing company, that engages in the development and integration of solutions.

Technical Analysis

= Ended Elliot Correction wave at major support Zone.

= Formed a doji bar on daily chart and 5 day consolidation range.

= RSI and stochastic are rising from below.

= The Nifty IT sector is also forming a range that possibly can break out in upcoming sessions.

- Entry is above range marked on chart
- Stop loss is below the doji candle Formed at support zone.

Next resistance zone is 400.

Study chart for visual view.

Keep learning
Happy trading.

Comment:

391+ and moving big reversal underway.

Comment:

414+ and Holding, updated about big reversal earlier.