piyushrawtani
Short

WIPRO Potential Double Top Short Setup

NSE:WIPRO   WIPRO
WIPRO has formed a double top and a bearish engulfing followed by an inside bar on daily.
Can go short below the last candle for targets mentioned at neckline of double top and next target at long term support level .
Stop loss above the high of double top .
Order cancelled: Did not break the low of the inside bar , and now comfortably over the highs .
Changing bias to bullish.

Comments

As per chart whatever you said is completely agreeable but wipro has announced buyback around 325....risky to go short
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piyushrawtani vinodhs77
@vinodhs77, Failed to go higher than the swing high, so higher chances of testing the neckline support level first , and then bouncing to 325.
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