Study 1: Descending Triangle - Wipro

٢٤ مارس ٢٠٢١

This is Just for study purpose. Wipro seems to be forming a descending triangle. Based on breakout, it can be a LONG position or SHORT position.

٢٦ مارس ٢٠٢١

ملاحظة

Based on today's candle we can confirm if it is a false breakout or not.

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ملاحظة

It seems to have a little support at 398. If it can break this. It can be a breakout. So far it seems to be false breakout. Continue observing.

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ملاحظة

As expected, it was a false breakout, lets wait for real breakout

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ملاحظة

We can expect a breakout in 2 or 3 days. Lets follow

٨ أبريل ٢٠٢١

ملاحظة

WIPRO breakout Buy now 443. Target 1 468(5.6%) and Target 2 486(9.7%).

٨ أبريل ٢٠٢١

ملاحظة

Retest chances are small. If retests we can buy at cheaper price.

٢٢ أبريل ٢٠٢١

ملاحظة

It Retested and reached long potential. If trade correctly made it is of 9.7% profit.

٢٢ أبريل ٢٠٢١

ملاحظة

9.7% profit in 14 days