This is Just for study purpose. Wipro seems to be forming a descending triangle. Based on breakout, it can be a LONG position or SHORT position.
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Based on today's candle we can confirm if it is a false breakout or not.
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It seems to have a little support at 398. If it can break this. It can be a breakout. So far it seems to be false breakout. Continue observing.
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As expected, it was a false breakout, lets wait for real breakout
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We can expect a breakout in 2 or 3 days. Lets follow
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WIPRO breakout Buy now 443. Target 1 468(5.6%) and Target 2 486(9.7%).
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Retest chances are small. If retests we can buy at cheaper price.
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It Retested and reached long potential. If trade correctly made it is of 9.7% profit.
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9.7% profit in 14 days