TECH Mahindra gets Bowled!As published earlier with little bit information about TECHM, i am feeling very bearish on this stock of upto levels of 465, and beyond that is a bonus one can dream of.
A complete beautiful inverse bear pennant. it will follow the yellow line towards the last white line. if not will consolidate but not break the red line (Unless with volume) which is unlikely impossible! Short below 500 and see wonders. ALSO if it breaks green line, it cant break orange line. Have peaceful profits!
Wipro
Wipro: Chart set up & Strategy for the stockWipro
Cmp 187.85
Chart is self explanatory.
Alternatively one may consider the following strategy
Sell Wipro 30 April expiry Put option
Strike Price : 180
Price range : 6-7.5
Lot size : 3200
Target : 1.6 / 0
Stop loss : if Wipro closes below 178 in cash market
Safe trading...!!!
WIPRO LONGThere is a flag pattern formation in the WIPRO weekly chart and it is retesting the 200 EMA line .. lets look for the further movement and possible opportunity for the long position
Will post another linked article if required conditions met ...
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
WIPROAlternate view on the WIPRO long position ... might look like the pattern is already broken and it has been retested
Can get a trade opportunity based on next week candle
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Wipro Trend Analysis & Trade Setup !! Budget Day !TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8-15 times.
The advance the stock had made in the last few weeks seems to beThe advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render into sideways movements again.