WIPRO'S EXTREME DOWNFALL INCOMING

Wipro has formed a head and shoulders pattern in the weekly chart and it has broken its neckline with a great volume . Almost half of the region is covered and we might see a downfall of upto the levels of 385 within the next few weeks . Although it has to first break the support of 460 level in order to reach the desired target . The long term trendline is also been broken with the formation of head and shoulders pattern . If the support is not broken then we might see a sideways movement for a particular period of time . WIPRO