Still Bullish with Wipro -- if conditions metI am sharing wipro chart.
We have seen wipro results for the quarter and it say its not up to the mark.
But chart is saying a different story.
Have a look at the chart I have shared with you.
Despite of so much ups and downs in Nifty and the whole global markets...
Wipro is not ready to give up.
Looks like some kind of accumulation is going on. And RSI is showing some strength.
So far so good...
We can still play with wipro specially if it closed above the trendline I have drawn, which is actually holding it for any movement towards north.
If we get a closing above this trend line we can look an upside movement in. the stock
First target will be 445, as this was the major recent swing.
Above 445 our XABCD pattern will get activated and then we can see a target of 480 in some weeks.
Remember the XABCD pattern will only give you target once we get a strong closing above 445.
Meanwhile we can keep a strict stop loss of 380.
