Wipro looks good for a positional trade, or option selling trade. Reasons are :
1. Bullish engulfing reversal at day frame.
2. double bottom reversal at 1 hour frame.
3. Reversal from 0.618% retracement zone.
4. The IT sector as a whole is in a bullish trend.
The stock has a good potential of around 9-10% in maximum 1 month.
But still, even after all these positive signs , remember that the trade can fail!
BUY- Risky players can enter at 339-340 zone. safe player enter only if it breaks 345.1
SL-331
TARGETS-356-363-369-373-379-OPEN
R:R-1:2.5
Also i have a Bullish bias on the market , the charts say so. Nifty will be above its all time highs by before 2021.
1. Bullish engulfing reversal at day frame.
2. double bottom reversal at 1 hour frame.
3. Reversal from 0.618% retracement zone.
4. The IT sector as a whole is in a bullish trend.
The stock has a good potential of around 9-10% in maximum 1 month.
But still, even after all these positive signs , remember that the trade can fail!
BUY- Risky players can enter at 339-340 zone. safe player enter only if it breaks 345.1
SL-331
TARGETS-356-363-369-373-379-OPEN
R:R-1:2.5
Also i have a Bullish bias on the market , the charts say so. Nifty will be above its all time highs by before 2021.
