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bhagat109

Breakout in Wipro

Long
WIPRO LTD (NSE:WIPRO)  
bhagat109 Updated   
NSE:WIPRO   WIPRO LTD
Support and Resistance Trend Lines
2
0
supportandresistance trendline
After a consolidation of about 2 months, Wipro (along with other IT stocks) has given a breakout, which is validated by the sudden spike in volume.
Target: for swing trade - 420 (10%)
for intraday -400
SL: 380 ( All time high)
Comment:
No intraday trade but it's still good for a swing trade.
one can average as long as it stays above 380
Trade closed: target reached:
Trailed till 454. :-)
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