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Wipro - Inside the channel

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Wipro is trending inside the channel. Evening star formation and volume indicates the stock is getting weak. Sell wipro below 475 with stop loss 479. Targets are 452 and 440.

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This week I am checking what mistakes I am doing in trading entries. Trading entry against the main index and trading entry along with the main index.

Nota

Evening star's high should be the stop loss. When entering a trade late, makes the trade risky as we adjust the stop loss. Trade entry not at the right time.

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Mr. President Elect of US(Trump) created a bearish view about IT companies. This post is based on emotion rather than technical. Learnt the lesson "follow the chart".

vanathi

Role I play here : Moderator.

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