Is Wipro’s consolidation completed ?
Reasons/Traits :
• Gartley Bullish Harmonic Pattern formation is seen
• Todays close is exactly at 0.5 Fib retracement level of last swing high and also taking a support of current up trend
• Price took support of 20 EMA today
• Stock is still bullish as Bulls are in control as per indicators
What can happen next :
Scenario 1 : Stock uptrend to continue and reach 665/675/690/710
Scenario 2 : Downtrend post break down of 0.5 Fib level (654) to reach 640/620/600/580 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Gartley Bullish Harmonic Pattern formation is seen
• Todays close is exactly at 0.5 Fib retracement level of last swing high and also taking a support of current up trend
• Price took support of 20 EMA today
• Stock is still bullish as Bulls are in control as per indicators
What can happen next :
Scenario 1 : Stock uptrend to continue and reach 665/675/690/710
Scenario 2 : Downtrend post break down of 0.5 Fib level (654) to reach 640/620/600/580 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Nota
Scenario 1 .. first 3 targets hit as of todayNota
following scenario 2 after scenario 1 ??Nota
completed Gartley Bullish Harmonic Pattern
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.