Wipro : H&S

May 22, 2019

Wipro has formed bearish H&S on 30 and 60 minutes chart. Breakout has already taken place. Short moving averages has crossed over to the down side. Volume on breakout is quite high. We'll sell below 280 (ensuring lower top lower bottom) with stop loss above 289 for target of 271 & 260

May 24, 2019

Order cancelled

counter reached touched 280 but didn't break it. call didn't get active. Avoid.