CautiousChartist

WIPRO - Good Risk Reward ratio

Long
NSE:WIPRO   WIPRO LTD
Anticipating a breakout from a Symmetrical Triangle Pattern while it moves along the Parallel Channel .
Comment: The stop loss hasn't triggered because the stock didn't cross 440 yet. Let the market settle and the risk reward ratio would get even better.

The bottom it makes now would be the future stop loss
Trade active: The stock will start showing its strength soon.

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.