WIPRO - Breakout (Bearish Pennant Continuation Pattern)
As per the price action on hourly chart, it is observed that the price action consolidated after a sharp correction to the previous gap up levels. Now price action formed a pennant triangle pattern, indicating continuation of prior strong bearish move. The price action may further fall down to 325-330 levels.
It is a low risk, high reward trade setup.
T1- 335 T2- 325 SL- 348
It is a low risk, high reward trade setup.
T1- 335 T2- 325 SL- 348
Trade active
Trade closed: target reached
T1 reached
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Related publications
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.