BTST IN WIPRO FUT
!!please note trade with caution!!
!!manage your risk!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
POSITIONAL TRADE IN WIPRO !!(DEC FUT)!!
-STRONG TRENDLINE AND PRICE LEVEL SUPPORT
-ITS A CONTRA TRADE BUILDING POSITIONAL LONGS
-PLEASE TRADE ACCORDING TO RISK MANAGEMENT
TRADE VIEW 3-4 WEEKS
!!SWING TRADE IN WIPRO!!(DEC FUT)
-STOCK IS ALMOST NEAR ITS OVERSOLD ZONE
-THERE WAS A BREACH OF 61.8% RETRACEMENT LEVEL WHICH WAS COVERED
DEC FUT TRADE
WIPRO has been in a downtrend for quite some time now (5 months plus) and there is monthly support on the charts. The price has retraced to 0.618 Fib which is acting as support as of now.
This can be a potential reversal zone for WIPRO.
Current Market Price (CMP)- 237.05.
Confirmation only when WIPRO trades @ 242.2
Stop Loss (SL)- 231
Will Post a view again...