Technical
WIPRO LTD | Bullish Flag FormationTarget: 432, 460
CMP: 410.50
It can be clearly seen in the daily chart that the price has been in a falling channel and has taken a support at the lower end of the channel, this can be confirmed by the presence of a doji candle. Now, the price is headed towards the upper band of the channel(432), if it breaks the level and sustains, then we can expect to see a target of 460.
💡Don't miss the great buy opportunity in Gold (XAUUSD)Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (1680.40).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CROUSDT is in an uptrend, and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1770.00
TP2= @ 1829.00
TP3= @ 1923.00
TP4= @ 2000.00
TP5= @ 2074.00
SL= Break below S2
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March 15-17 could be the breakout periodClearly this is heading in the breakout triangle whether it is up or down shall be decided during the March 15-17th 2021.
If it breaks out on upper side over 560 should happen and if it breaks down below 230 should be support zone..
Trade with caution.. this is purely for educational purpose and not financial advise.
Concor Looks InterestingCONCOR looks really interesting. A buy above Rs.465 can take the stock to Rs.565, giving a good 100 rupees profit with limited risk. Once a B/O happens, our resistance of Rs.465 will become Support and hence our Stop Loss for this trade. Trade becomes active only above Rs.465, do not enter before that.