WIPRO LTDShort
Short for 348. falling below 400 can further increase confidence
1. Intermediate wave cycle seems to have completed, and stock is up for correction, currently retraced less than 23.6% which is at 400, breaking 400 can open gates for another 13% correction till 348.
Usually it should at least retrace by 38.2% levels therefore 348 seems likely.
2. Nifty IT index is weak too.
Usually it should at least retrace by 38.2% levels therefore 348 seems likely.
2. Nifty IT index is weak too.
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