WIPRO - SHORT- 1D - Channel Pattern

17 May 2023

Wipro is currently on a Downtrend for over a year now. The IT sector overall looks bearish and on Wipro, you can spot a beautiful channel pattern forming and price-making lower Highs.
It has a roughly 1:3 RW Ratio.
Entry - (382-384)
SL - 390
Tar - 360

26 May 2023

Not

Stop loss Hit. You can wait for the price to further fall into the channel pattern and then you can take a similar trade with similar target and SL.
Check out my other analysis posted on the community forum.