Wipro
#ABAN FLAG RETEST #BREAKOUT #STOCKMARKET #R:R>3 #IT #TECH #NIFTY#ABAN
NSE:ABAN
CMP: 31.30
Target: 50++
Stop Loss: 26
Time Frame: less than 2 months.
Might hold above 50.
Factors:
Rising Volume with rising Prices.
Channel Median breakout.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above resistance.
Trading at support.
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge Formed.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Wipro Falling Wedge Pattern | BUY MODE | RR > 5Hi there, investor cum trader.
This opp is made on the buy side only when it comes to retesting the previous support zone for a safe trader else an aggressive trader can take an entry now with an RR of 2.8.
Safe Investor:
Buy @ 385
Sell @ 466
SL @ 367
Aggressive Investor:
Buy @ 401
Sell @ 466
SL @ 367
Make a wise decision and get going. Will be back tomorrow with another trade opp.
Wipro will keep touching new HIGHS!NSE:WIPRO is very bullish after it has completed the correction phase of last one year bull run and is now ready to keep up with the pace and touch new Highs!
It will keep showing continuation patterns and extend higher!
The quarterly results might cause further push to price and bulls will be in control for Wipro in coming weeks.
Buying opportunities for 19th April Monday BAJAJELEC , GLENMARK,
Apart from the stocks and sectors mentioned in the video, I forgot to mention a few more stocks that I had shortlisted. They are,
BAJAJELEC
GLENMARK
WIPRO
The key levels to watch out for trading next session are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.