#WIPRO
- MOVING IN A NARROW RANGE IN A CHANNEL.
- TOOK SUPPORT FROM THE TRENDLINE.
INDICATORS:
RSI TOOK SUPPORT FROM 40-LEVEL AND IS MOVING TOWARDS 50-LEVEL. #BEARISH.
TT2 TREND IS BEARISH IN 30MINS ND BULLISH IN DAILY TF
CVD IS POSITIVE.
CONCLUSION:
1. IF TRENDLINE IS BROKEN
SELL BELOW 221.6
SL 227.5
TGT 218.45/214.9/213
2. IF UPPER CHANNEL IS BROKEN
BUY ABOVE 230.05
SL 222.7
TGT 234/238.5/242.0
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
- MOVING IN A NARROW RANGE IN A CHANNEL.
- TOOK SUPPORT FROM THE TRENDLINE.
INDICATORS:
RSI TOOK SUPPORT FROM 40-LEVEL AND IS MOVING TOWARDS 50-LEVEL. #BEARISH.
TT2 TREND IS BEARISH IN 30MINS ND BULLISH IN DAILY TF
CVD IS POSITIVE.
CONCLUSION:
1. IF TRENDLINE IS BROKEN
SELL BELOW 221.6
SL 227.5
TGT 218.45/214.9/213
2. IF UPPER CHANNEL IS BROKEN
BUY ABOVE 230.05
SL 222.7
TGT 234/238.5/242.0
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500