Wipro Ltd

The chart of Wipro Ltd. (NSE) displays a classic cup and handle pattern, signaling a bullish continuation with a potential breakout above the ₹400 resistance. The rounded "cup" indicates long-term accumulation, while the "handle" represents short-term consolidation. Currently trading near ₹305, aggressive traders can consider entering now with a stop-loss below ₹280, targeting ₹360–₹400 initially. Conservative traders should wait for a confirmed breakout above ₹400 with strong volume, aiming for ₹450–₹500, using a stop-loss below ₹380 post-breakout. Alternatively, a pullback to the ₹280–₹290 range offers a favorable entry for long-term positions, with a stop-loss below ₹270 and targets aligned with the pattern's breakout potential. Monitoring volume and RSI momentum will be key to validating the breakout.