Wipro cmp 317.00 by Weekly Chart viewWipro cmp 317.00 by Weekly Chart view
* Resistance Zone 307 to 317 Price Band
* Volumes closing in on avg traded quantity over past few weeks
* Weekly basis Support at 289 > 261 > 233 with Resistance at 340 > ATH 369.90
* Bullish Cup & Handle and/or Double Rounding Bottoms or a very faintly applicable Head & Shoulders pattern done by the neckline at Resistance Zone, as one may interpret
Wiprochartpattern
WIPRO 5th WaveWIPRO
1st, 2nd, 3rd, 4th wave has completed
5 th wave in formation,
within 5th wave
in smaller cycle
1st,2nd,3rd wave completed
either 4th wave has been completed or can see further retracement of 4th wave
if 4th wave has been completed,5th wave formation will result in upward movement.
this is for educational purpose, not a trading advice, trade with due diligence