A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of
WIPRO
The shoulder is exactly at 0.236 fib retracement level. and the target is nearly at 0.50 fib level.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
WIPRO
The shoulder is exactly at 0.236 fib retracement level. and the target is nearly at 0.50 fib level.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Trade active:
Completed the Fourth Target again.....
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