There is a flag pattern formation in the WIPRO weekly chart and it is retesting the 200 EMA line .. lets look for the further movement and possible opportunity for the long position
Will post another linked article if required conditions met ...
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Alternate view on the WIPRO long position ... might look like the pattern is already broken and it has been retested
Can get a trade opportunity based on next week candle
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Possible long position opportunity with the targets provided as in chart
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Nifty
CMP 12098
Holding 12060 levels on closing basis Nifty can look to scale back towards conquering previous highs of 12430 levels
This is a positional view
Keep a SL can be at 12025 on closing basis.
Take care & safe trading...!!!
BPCL has already broken its long term trendline for a long move. A breakout from the other trendline will confirm the uptrend for a target of 473 with a stop loss of 461(Risk to reward of 1.5).
