WIPRO End of Fall ??!!

Chart patterns insist me to go with above titled opinion

REASONS

1. In Monthly timeframe , WIPRO has been trading inside Ascending channel taking support and resistance (shown below)

2. Middle yellow trendline- Resistance turned Support looks favourable for the bounce.

3. Entry(safe) can be made after a good voluminous Breakout out of the white slanting trendline.

4. SL can the low of the Breakout candle.

As the stock has fell more than 50% , we can even wait for WEEKLY BREAKOUT and then enter upon retracement.

Will update as it moves!!!

Let's wait & watch , how it moves!!!!


NOTE- Just sharing my view...not a tip nor advice!!!

Comment:

Good going as expected!!!

Comment:

still not entering the trade...As expected it gave BREAKOUT....
waiting for further retracement!!!