The Price is at importance support zone, It should bounce from it.
If bounced from the support one can go long for a target of 700 with SL of 667.
If it breaches the support then we have another support zone around 645.
So One can go short if it breaches the 667 for the target of 645 and SL of 676.
The Price is moving in a channel, though from last few weeks it has been bearish and doesn't seem to have enough strength to bounce back from the channel support.
I would go short if price closes below 270 for a target of 255.
I would go long If the stock closes above 290.
Wipro bounced from the trending support line and moving up.
It can go till next resistance and we may book some profit before that.
One may initiate a long position at CMP~475.
Risk Reward ratio is also good here.
In Daily Chart it is visible that ITC has bounced from the double bottom and now moving towards the resistance of 259-260. If it breaks that then it may move further up till second resistance @ 265.
One can go Long on ITC for the target of 259 and SL of 254.