Wipro
WIPRO | Detailed Analysed | entracement is going to happen soon Price action Based analysis on WIPRO
IT sector is now overbought
CMP = 360.60
Lot Size = 3,200
there are 2 targets as shown by arrow
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Is Indian I.T sector rally over? " Shooting Star Pattern" According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern).
Here, by Nifty I.T analysis I am referring to I.T stocks
Eg: NSE:TECHM , NSE:TCS
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
WIPRO - Symetrical Triangle (Bilateral)Can go either way.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Wipro : Long Trade SetupNSE:WIPRO
Hi Traders,
WIPRO remained range-bound throughout month and form bullish breakout on September 11. It can be face resistance on 301.60 , if it close above it, momentum will be continue and try to hit our target.
Entry and target level on chart.
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* This analysis is educational/learning purpose only.
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