WIPRO - A CHART WITH THOUSANDS OF OPPURTUNITIES

Aug 16, 2020

The same pattern happened for 5 consecutive days. The pattern you can find is :-

• A Gap Up Opening.
  
• Then an up move to trendline. (refer the chart)
  
• Followed by fall to support @ 276/275.

Also note these points :-

• CNXIT or NIFTYIT also has been consolidating in an ascending triangle pattern.
  
• The stock is witnessed a selling pressure at the end of the week
  
• The stock's range is decreasing day by day increasing it's chance for a powerfull breakout
  

Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.

Thank you
Have a Nice day!!

Aug 17, 2020

Trade closed: target reached

2% target reached.