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ReviveTraders
Oct 9, 2020 4:52 AM

WIPRO | Detailed Analysed | entracement is going to happen soon  Short

NSE:WIPRO1W
WIPRO LTDNSE

Description

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Price action Based analysis on WIPRO
IT sector is now overbought
CMP = 360.60
Lot Size = 3,200
there are 2 targets as shown by arrow

DON'T forget to check out the related ideas which i have posted down below they worked really well
FOLLOW & LIKE & COMMENT

Trade active

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22,000 profit running per lot

Comment

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62,720 profit running @ 340.80

Comment

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74,000 profit running per lot

Trade closed manually

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if still holding then exit @ 360
Support and ResistanceTrend LinesWedgewiprotradethetippriceactionanalysisTechnical AnalysisitsectorrsioverboughtTCS
Comments
ShreeKrishna
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hello sir , I respect your charting system , along with i am just commenting to explain i have made few video on applying trend line to understand market sentiment in simplest manner , if you visit them probably you will have

and difference in your personal understanding and you might use the trend line method in more accurate manner , Please visit them to know more , Good luck
ReviveTraders
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@ShreeKrishna, i watched your videos they are really useful
ShreeKrishna
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@tradethetip, Thank Q , Happy weekend
ReviveTraders
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@ShreeKrishna, you too
vaibhavkokare97
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volume or build up are 2 things channel traders should stay away from :D
ReviveTraders
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@vaibhavkokare97, oh yess , we are 80,000 + in profit right now..... have you traded ?
vaibhavkokare97
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@tradethetip, No, I dont trade channels. But congrats on your profit.
ReviveTraders
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@vaibhavkokare97, thank you
Ibuuu12
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Fundamental and physcology matters more than technical sometimes.Wipro doing a buyback with their earning release on oct 13 .I dont how people think of shorting it when bulls are optimistics.
ReviveTraders
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@ii1836406, yeah your right but its a weekly chart so i think it wont affect much ...lets see
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