WIPRO, Technical Outlook (Keep this stock in the watch list) for NSE:WIPRO by ssvirdi

trendanalysis chartpattern indicator swingtradesetup stocktowatch momentumstocks guppy gmma priceaction indicatorstrategy

Today the price has closed on the resistance level with a RSI of above 60. All this indicates the price is in good momentum.
The breakout of 492 could open the higher levels of 545.

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Comment:

Today we have a breakout of 492. Now wait for the price to hold on the breakout levels.

Comment:

Today we have a red candle rejected by the previous candle high. Also today's candle closed below the breakout level which indicates a fakeout with a declining rsi.

Trade active:

The price is holding the breakout levels. Now the price is in an uptrend.

Trade active:

Today we have a small negative candle buy the price follows the up trend.

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