Wipro started trading above 200 EMA after more than year. Weekly chart above
Breakout happened with strong volumes yesterday.
CMP - Around 415
Target 1 - 450 (8%) , previous swing high
Target 2 - if it consolidates around 450 then can touch 500 and above.
Stop Loss - 399 (4%)
Good risk reward. Holding position from 403 level.
Posted for educational purpose.
Posted for educational purpose.
Weekly chart of Cipla. It’s stuck in parallel supply and demand zone range for past 6 weeks.
Last spike is result day reaction. As the latest quarterly results posted on Friday ( 12th May ) looks to be good and may potentially trigger break out from this range.
Current price is 937.5
Stop loss of 930 ( < 1 % )
1st target 955 -...
Posted for educational purpose.
Gujarat Gas is in consolidation phase for 6 weeks, It kind of broken out of range earlier this week and is again having pull back to support zone. Idea is for positional long as risk reward is favourable with minor stop loss.
Current closing price is 476.65. Suggested stop loss is 461 and perceived targets are 505 and 525.
In...
