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
Wipro Cmp 543.5 Will the stock give breakout on upside or fall back again...??? I will go with the odds of falling back over next couple of sessions However probability will strengthen once it comes below the red line. 515 is the 1st target 568 on upside is my review zone whether to take it as Stop loss or consider to add more short position. This is a...
Now Tata motor in strong support/Resistance point. will follow the down side channel or after little retracement, price may go high.
See the line how it perfectly working as support and resistance
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.
NSE:WIPRO Breakout will happen above 497.5-498 with the Target of 510. This is the resistance level of the Double top as well as cup pattern built now.
CMP 502 wipro made a nice bottom pattern also MACD RSI hinting slight upmove ..Stop 493 Target 515/520
The stock is facing resistance near 38.2% Fib retracement level which is at 510 level The stock may fall up to 471 levels in coming days... Take care & safe trading...!!!
I think , as assured I have fullfilled Bprime, BSwing & both Index ( Nifty & BankNifty ). Happy Trading :)
stock has almost completed rounding top low of today's low can be taken as reference point 505 is stop loss 483/472/472 are targets