Wipro : Channel Breakout happened, check ur plan !
IT stocks are already on deep crisis, there is no takers for them, with GST n other euphoria people are going for FMCG,Infra, Auto, banks, so here comes Wipro which is in Bearish trend for quite a while. The reasons are :
(i) Channel Breakout happened already
(ii) Potential Double Bottom around 472, so note that
(iii) Bearish Trend - Bearish Breakout, Good for directional traders
Check ur plan n decide !
(i) Channel Breakout happened already
(ii) Potential Double Bottom around 472, so note that
(iii) Bearish Trend - Bearish Breakout, Good for directional traders
Check ur plan n decide !
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