Channel & level breakout in Wipro. Entry:360 SL:355 TGT:370/375
Atualizado
Wipro has been consolidating since mid October and it is the stocks 2nd attempt to break 360. The previous attempt to break 360, which was was about 5 trading sessions ago, failed because of non-supportive market conditions. But in this attempt Wipro has made a bounce from its 20 DMA yesterday after breaking it intraday and Wipro has generally respected these levels. Given the previous failed attempt I would wait until 360 has been crossed.
The targets are positional and not for intraday.
Trade ativo
It is still promising and is good to enter. Stop loss is now strict and at 355. May have to exit at cost if the move is lagging and the breakout does not arrive.Trade fechado: stop atingido
Stop Loss hit. The trend was not sustainable. Sell on rise & buy on dips is the strategy right now. Buy at 350 levels and sell around 360-362.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.