Study 1: Descending Triangle - Wipro

24 mar 2021

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.

26 mar 2021

Nota

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

26 mar 2021

Nota

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.

30 mar 2021

Nota

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

31 mar 2021

Nota

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

8 apr 2021

Nota

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

8 apr 2021

Nota

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

22 apr 2021

Nota

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

22 apr 2021

Nota

9.7% profit in 14 days