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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.