The market does facilitate trading in these price areas as we can see a lot of trading activity going on. Volume can be estimated in a number of ways though. Its main use is to identify support and resistance levels in the market, to gauge the strength of price movements, but it is best used in conjunction with other concepts and methods of analyzing the price....
Buy Wipro for 1st week of New Year. I think it will increase in the coming week and will cross resistance level of 333 within next week. In the coming week you can keep target upto 337 and Stoploss at 324
TGT 312, 338, 385
Even though channel breakout is about to happen, still longs can be initiated as closed above 61.8% retracement and small SL.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Definitely appears in retracement territory. There has been a prior retracement of 38% on a previous rally and here too, the 38% seems like the next logical target. Stop loss is a little to avoid getting whipsawed. Cautious traders can use tighter/trailing stops
An ascending triangle breakout is observed on daily charts. Longs can be initiated with Tgt 545, SL Close Below 503.
Disclaimer: I ama novice at charting and this chart is for educational purpose only. Views and opinions are welcome.