Wipro looks suitable for a reversal at this point.
1. A W pattern both in daily & weekly tf.
2. 330-350 levels can act as strong support.
3. 20-day MA started trading below the CMP in daily tf.
4. Can plan a trade above 373-376 level.
5. A good delivery volume can be seen in the last 5 days.
1. A W pattern both in daily & weekly tf.
2. 330-350 levels can act as strong support.
3. 20-day MA started trading below the CMP in daily tf.
4. Can plan a trade above 373-376 level.
5. A good delivery volume can be seen in the last 5 days.
Trade attivo:
As mentioned, the 350 level is acting as a strong support.