CT143

WIPRO | RR 1:4 | Pre-Breakout

Long
NSE:WIPRO   WIPRO LTD
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Positional Trading Opportunity ! Daily Chart Alert !!!

--Buy above = 368 (Breakout)
--Stop-loss = 355
--Target's = 400 | 420
--R:R = 1:4
--Pattern's = Triangle Pattern | Flag Pattern

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Technical Reasons to trade or Strategy applied :-

1) Wait For Clear Entry
2) Watch Out For Volume After Pattern Breakout / At Breakout Candle
3) All IT Stock's & IT Index Is In Uptrend , Stock Is Trading Above 200DMA
4) Overall Stock looking Bullish ...

📈(Risk Must Be Managed.)
🙄Keep Your Eyes On Index
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----------Any Suggestions----------
Trade active: Placed Buy Order At Price 365 | 1Lot | Jan Exp.
Reason - Cup & Handle Seen In 1H | Whole It Stocks Bullish.
& I Also Think My Entry Is Too early This Tym.
With Stop 355

When Good Breakout Is Confirmed I Will Look For Trailing Stop To 357.5 ,
You Can Manage Your Trade According To You / Your Risk Capita.
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