Wipro is trading in a narrow range of 368-375. Breaking 375 it may see higher levels. But its noticing selling pressure every time its testing 375 levels. Its good time to short Wipro for a target of 350/335/325.
Note
Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
Trade closed: target reached
Stock hits first target of 350 (stock split price equivalent 261). Trade closed near 258 as its getting support and showing signs of reversal.
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