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reshmi_chauhan1
May 18, 2020 9:42 AM

Correct time to snap up the WIPRO. 

WIPRO LTDNSE

Description

The stock has already formed the DOUBLE TOP pattern.
A double top has an 'M' shape and indicates a bearish reversal in trend.


Now forming Symmetrical triangle, the value is going lower but it has strong support point to be noted and the volume is not increasing so price will take some time to go for the target that is 187 nearby.
(Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.)

Buy in pull back that is 181-178.

Maintain stop-loss.

Trade active

Trade closed: target reached

Comments
UnknownUnicorn5245909
Are you using Elliott wave?
reshmi_chauhan1
@Riya_roze, not yet use but i will use in next time.
mahesh1234mahesh
literally same.
c4dilip
It worked today !!! Greatt !!
ganeshsocialid
Would be better if you can change the time frame to UTC+5:30 while posting chart ...... :)
ganeshsocialid
Nice chart... just started following your posts.... what will be SL ... less than 174?
reshmi_chauhan1
@ganeshsocialid, thank-you
zartajshaikh
Nice chart thanks for sharing, ot seems lots and lots of bearish are active....
reshmi_chauhan1
@zartajshaikh, welcome dear, time will say.
PriceTradingAcademy
wipro gernarly rally after TCS/HCLTECH even they are struggling to move even USDINR IT stock odd enhancer ralling
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