This trade requires some time to watch for proper entry. Only enter once retest is done and new higher low is formed. Max SL and min target are shown in chart as trade setup
Trend line break has happened at 88 - 93 level. For those who missed the chance to enter at that level, can wait for the break out above 115 with the stop loss of 99 for the targets 123, 129 and 135.
Wipro has been in a downward spiral for the last couple of weeks. The stock has formed a pennant formation on the 60min chart with the price approaching the 3rd touch of the pattern which indicates pattern completion. Sellers should observe the zone marked on the chart and look to initiate short positions if we see any pinbar or engulfing candle in this area....
Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 -...
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