WIPRO LTDLong
Wipro Gearing Up for a Stage 2? Add to your WL.
After the bonus issue, Wipro is setting up again
-Forming a base right at a resistance level.
-Narrow Range candles.
-Dry Volume.
-Stock is in an uptrend.
-Could be a potential stage 2
Wait for the entry to trigger for a fresh entry. Wait for a confirmation of stage 2.
Entry: Above 315
SL: 283 day closing basis.
Risk- 9.7%
Potential Reward: 18%
RR: 1:1.9
A word of caution: The Quarterly earning releases are due on January 8.
Watch the Price action near the T1 ( 371) for further addition to the existing position or for fresh entry. Lock some profit at T1.
-Forming a base right at a resistance level.
-Narrow Range candles.
-Dry Volume.
-Stock is in an uptrend.
-Could be a potential stage 2
Wait for the entry to trigger for a fresh entry. Wait for a confirmation of stage 2.
Entry: Above 315
SL: 283 day closing basis.
Risk- 9.7%
Potential Reward: 18%
RR: 1:1.9
A word of caution: The Quarterly earning releases are due on January 8.
Watch the Price action near the T1 ( 371) for further addition to the existing position or for fresh entry. Lock some profit at T1.
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