Wait for volume to break. Observe only volume indicator as momentum indicators does not work better in sideways price movements. Wait for breakout with good volume.
I think , as assured I have fullfilled Bprime, BSwing & both Index ( Nifty & BankNifty ). Happy Trading :)
IT stocks are already on deep crisis, there is no takers for them, with GST n other euphoria people are going for FMCG,Infra, Auto, banks, so here comes Wipro which is in Bearish trend for quite a while. The reasons are : (i) Channel Breakout happened already (ii) Potential Double Bottom around 472, so note that (iii) Bearish Trend - Bearish Breakout, Good for...