BharatJhunjhunwala

The advance the stock had made in the last few weeks seems to be

Short
NSE:WIPRO   WIPRO LTD
The advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render into sideways movements again.

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.