Retracement seems to be completed. Good yearly results. One can initiate buy at current levels of 590 with sl of 565 for short to mid term target of 750
shorting Wipro at 375 - swing trade
Assuming wave 3 is terminated at 375, its time for a correction till 365.
Stochastic also recommends correction time.
shorting at 375 wth sl 377 for potential target of 365.5, 356.
Excellent reward to risk ratio of 2:5
OFSS is trading below key level , also stochastic indicates overbought scenario.
selling around 3820 with sl 3857 for potential target of 3705, 3640, 3560
The correction seems to be over, double bottom in place, on weekly chart stochastic indicates oversold so right time to accumulate stock for positional buy above 80 with a stoploss of 70 for potential target of 113 , duration 2-3 months
Retracement ( correction ) from 127% ( 183.80) to 100% (332.60) fibo is over and today it has broken below 61.8% (240 ) fib.
selling below 240, with sl 253 - swing trading for target of 215, 206, 189, 160
