WIPRO LTDLong
Buy Opportunity in Wipro
1. The stock halted its downtrend, finding support and consolidating at the golden ratio of 61.8%.
2. Following the consolidation, there was a significant volume breakout on the weekly chart.
3. This breakout aligns with the characteristics of an ascending right-angle triangle pattern.
4. Notably, the stock rebounded from the trendline support, previously a resistance in the prior trend.
2. Following the consolidation, there was a significant volume breakout on the weekly chart.
3. This breakout aligns with the characteristics of an ascending right-angle triangle pattern.
4. Notably, the stock rebounded from the trendline support, previously a resistance in the prior trend.
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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.