wipro started bullishness a week ego , now its given a clear breakout and came at support
Now at a crucial support both trend line and according to fib retracement. seeing good upside move of 30%+
we have a trendline , lets see if it sustain that.
there is a breakout from 1d time frame. also retracement has happen along with consolidation. we can also see a inverted head and shoulders pattern along with bullish engulfing candle. so we have many indicators to go long. even fib target is 800 range.
eichermotors is at a good support. we can go long with good risk reward and limited stoploss.
please note that im a noob and publishing just for me. so if you know something about charts, feel free to comment.
its now at a good resistance. we may see a downfall. good for shortsell
a head and shoulder is formed..im a noob so analyse and correct me :)
formed a cup and handle.....once it break trendline, we can go for short