Mahaprasad
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0Joined Apr 13, 2020
chartpattern
cupandhandle
indicator
parallelchannel
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After coming down for a few weeks. Nakuri is taking resistance on the trend line making a Morningstar Pattern which is a sign of probable reversal from here.
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Wipro is currently on a Downtrend for over a year now. The IT sector overall looks bearish and on Wipro, you can spot a beautiful channel pattern forming and price-making lower Highs. It has a roughly 1:3 RW Ratio. Entry - (382-384) SL - 390 Tar - 360
3
While analyzing the 30-minute timeframe, I found this cup and handle pattern that can be identified as a bullish continuation pattern. As the stock recently came out from a bearish trend, it can easily push for a recent high in the stock. Entry - 1970 SL -1905 Target - 2175
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