Prices have formed Rectangle Pattern and traded below it decisively. One can trade the reversal pattern by initiating the short trade for the target of 322.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Wipro has failed yet again around 335 levels forming Double top in the week of 17 September 2018 and 17 December 2018 .
I can also see a large Bearish Engulfing candle for this week.
Looks like the stock is headed back to 305 levels.
Good opportunity to short with stop loss around 335.
Disclaimer: Views expressed here are my own, and should not be interpreted ...
WIPRO OVER ALL TOP : 344 ( 10 YEARS TOP )
IF IT BREAKS 344
BUY @T ENTRY : 347
STOP LOSS : 320
TARGET 1 : 353
TARGET 2 : 356
TARGET 3 : 360
TARGET 4 : 374
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