If IT were to join the potential group of sectors (Banks, Metals and Fin), which could lead the market further. Then Wipro can be a nice addition. Caution is still required. Market might rally for 2-3 days in FOMO. But still many sectors and stocks are structurally weak.
✅Trading above Key DMA
✅Breakout from consolidation.
✅IT sector showing early signs of reversal.
❗️IT sector is below 50 DMA.
❗️Many sectors are still below 50 DMA.
❗️Risk of market taking resistance at 50 DMA and
continuing downtrend.
Entry/Exit mentioned in the chart. Please study and consult your financial advisor before investing. Charts are shared only for educational purposes.
✅Trading above Key DMA
✅Breakout from consolidation.
✅IT sector showing early signs of reversal.
❗️IT sector is below 50 DMA.
❗️Many sectors are still below 50 DMA.
❗️Risk of market taking resistance at 50 DMA and
continuing downtrend.
Entry/Exit mentioned in the chart. Please study and consult your financial advisor before investing. Charts are shared only for educational purposes.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.