weekly overview on WIPRO:
At every peak the stock has made a new high.
May be this will take months to form peak 5.
After fall the stock move up rapidly to its peak and near the peak there is price rotation.
The formation of new peak is becoming narrow.
Making a higher high and higher low.
An uptrend is created by higher swing highs and higher swing lows. Pullbacks create the higher lows. Therefore, a reversal of the uptrend doesn't occur until the price makes a lower low on the time frame the trader is watching.
May be this will take months to form peak 5.
After fall the stock move up rapidly to its peak and near the peak there is price rotation.
The formation of new peak is becoming narrow.
Making a higher high and higher low.
An uptrend is created by higher swing highs and higher swing lows. Pullbacks create the higher lows. Therefore, a reversal of the uptrend doesn't occur until the price makes a lower low on the time frame the trader is watching.
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