DTC-TA

Wipro Positional short with 301.5 as SL

Short
NSE:WIPRO   WIPRO LTD
Wipro
Short level spot b/n 296-297
SL: 301.5
Targets: 282/278

Reason: Twizzer TOP / C wave down expected from 296-297

ADD LONGS FROM 278-282 LEVELS AS THE BUYBACK IS EXPECTED SOON AT 325
Comment:
INVERTED CUP AND HANDLE PATTERN FORMATION. ENTRY BELOW 288.55 FOR TARGETS OF 282/277.5
Comment: Near Target 1. Book half and wait for second target
Comment: Cmp 283 . Expecting a bounce till 287.7 before falling lower. There's chance for this EW count to be wrong. (This could be an extended wave 3 top instead of 5th wave top at 299.45). In that case one more high Expected. So trade with TSL
Comment: Fresh shorts active at 288 . Short with 290.2 as SL . Expected Target 280.50/278
Comment:
Final Target in short side could be around 278-280.5
Trade accordingly
Trade closed: stop reached
Trade active: Short side targets met. Now as mentioned buy side active from 278-282. Target 290.5-293
Trade closed: target reached: Buy side target achieved.
Trade active: Sell again with 297 as sl for lower targets of 280/269
Trade closed: target reached: SL TRIGGERED AT 297 BECAUSE OF THE BUYBACK.

ALL TARGETS IN SHORT TRADE IS DONE.

DONT BE IN SHORT SIDE

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.