NileshChavan

Wipro looking for more downside

Short
NSE:WIPRO   WIPRO LTD
Reasons For Trade- 1> Wipro daily and Weekly In downtrend
2.Price closes below daily important support of 253
3.256 is strong resistance of horizontal line and 200 EMA
4.Price about to break channel support
5. Risk Reward 1:2
Intraday Sell below 245 Stoploss 251
Target 235
Positional- Sell at 253 Stoploss 262 Target 230 (or Sell below 245 Stoploss 251)