WIPRO - MOVING IN A NARROW RANGE!!

#WIPRO

- MOVING IN A NARROW RANGE IN A CHANNEL.
- TOOK SUPPORT FROM THE TRENDLINE.

INDICATORS:
RSI TOOK SUPPORT FROM 40-LEVEL AND IS MOVING TOWARDS 50-LEVEL. #BEARISH.
TT2 TREND IS BEARISH IN 30MINS ND BULLISH IN DAILY TF
CVD IS POSITIVE.

CONCLUSION:
1. IF TRENDLINE IS BROKEN
SELL BELOW 221.6
SL 227.5
TGT 218.45/214.9/213

2. IF UPPER CHANNEL IS BROKEN
BUY ABOVE 230.05
SL 222.7
TGT 234/238.5/242.0

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!

***in case of GAP opening, the given levels become invalid.

***this is my personal view. Please take advice from your financial advisor before investing.