Wipro a good low risk setup.
If IT were to join the potential group of sectors (Banks, Metals and Fin), which could lead the market further. Then Wipro can be a nice addition. Caution is still required. Market might rally for 2-3 days in FOMO. But still many sectors and stocks are structurally weak.
✅Trading above Key DMA
✅Breakout from consolidation.
✅IT sector showing early signs of reversal.
❗️IT sector is below 50 DMA.
❗️Many sectors are still below 50 DMA.
❗️Risk of market taking resistance at 50 DMA and
continuing downtrend.
Entry/Exit mentioned in the chart. Please study and consult your financial advisor before investing. Charts are shared only for educational purposes.
✅Trading above Key DMA
✅Breakout from consolidation.
✅IT sector showing early signs of reversal.
❗️IT sector is below 50 DMA.
❗️Many sectors are still below 50 DMA.
❗️Risk of market taking resistance at 50 DMA and
continuing downtrend.
Entry/Exit mentioned in the chart. Please study and consult your financial advisor before investing. Charts are shared only for educational purposes.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.