WIPRO - Intraday TradeWipro has been halting at its ATH zone for quite sometime. Today it bounced from the TL mentioned in chart.
Looks good to buy above 547.
On the contrary if breaks TL then can expect a quick fall - Sell below 530 (fall might be very quick so need to book fast before it bounces).
P.S. Volumes have been decreasing in the stock, keep an eye on the same while trading
Wipro
Disinvestment Wipro/Retailer vs BiggiesTREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
**Retailers Vs Institutional Trading.**
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
Regards @MohitArora
#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.