Wipro: Strength in IT Sector
Aggiornato
The price structure analysed on multiple parameter for better understanding.
Weekly Chart
✅stock corrected and reinstated to fib 38.20%
✅strong base with rounding bottom
Daily Chart
✅triangle breakout with volume
✅golden crossover confirming strength in stock (50 & 200 ema)
✅price consolidating after the breakout
Index - Nifty IT
After a year of range bound consolidation, index showing solidarity and possible breakout.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Weekly Chart
✅stock corrected and reinstated to fib 38.20%
✅strong base with rounding bottom
Daily Chart
✅triangle breakout with volume
✅golden crossover confirming strength in stock (50 & 200 ema)
✅price consolidating after the breakout
Index - Nifty IT
After a year of range bound consolidation, index showing solidarity and possible breakout.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Nota
rising volumeNota
25% return in 6 months, solid momentum.
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