This is an update for Wipro for which we were very quick to put an update first thing in the morning when the stock hit an overall of 17% in 15 trading sessions.
However, after the 10% Upper circuit opene out, it trapped all the buyers going up another 2% and then feel drastically by 6% (with volumes).
My questions to you are: 1. Did you book your profits when it hit our exact target levels that we marked out? OR 2. Did you not place your targets like I did because even I did not expect such a massive jump in one session
Please write to me in the comments so that we can under the mindset.
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WIPRO Update - 25th Jan, 2024
- Wipro is at our Support Level and has formed a double bottom on a Daily time frame - Small SL with a better RR till previous high
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WIPRO Update - 30th Jan, 2024
Re-entry Possibility: - It formed a clear Falling Wedge pattern on a daily time frame (charts are shared) - It has broken out today from the falling wedge pattern - Small SL for a better RR - Target will be previous high for starters
Previously: - After giving up a 17% Return in Jan,2024 itself the stock had achieved the Target Level - We had also informed in advance for another entry possibility - Thereafter, we had achieved the same Target Level with a breakout in Feb, 2024
Present: -And after reaching the 545 levels; in the last 1 month it has again retraced to 520 levels currently with a consolidationg and accumulation going on - The stock is taking support on our Target Level, i.e Resistance has become a Support
Going Forward: - New Target Levels have been updated - We are shifting from a Weekly Time Frame to a Monthly Time Frame for a better structure and more clarity - Looking at another Small SL for a better RR
Hi Good analyses in all your charts, Can you also please mention at what levels the re-entry is possible and the target we can expect in all the upcoming charts please. it will be easier for new bees
@TradeRyteStockz, Hey Bro thanks for your reply. Yeah i can understand you cannot update in the chart. Am asking to update in the comments which you update on daily. Lets say like this : WIPRO Update - 30th Jan, 2024 , here u can update the re-entry levels by typing in comments :)