WIPRO LTD
- As per previous report published on WIPRO LTD stock showed a sharp bull move after breaking its resistance @ 562 and stock touched its resistance @ 572 as mentioned in our earlier report. (Click here to see previous report published by us on WIPRO).
- Now as per current stock analysis chart no1, Wipro has formed head and shoulder pattern in daily , this indicates once stock breaks its pattern on upper side and closes and stays above 595 then Wipro looking bullish for next few trading days.
- As per graph no2, once stock closes above its trend line resistance @ 595 then looks bullish and wipro will find next trend line resistance around 610.
- Suggested reading - COX & KINGS moving in a up channel formation, further strength expecting once it cloes above its recent high.
- Intraday Stock Tips - Close watch once stock starts trading above 595 during market hours, if stays above 595 with volumes then intraday bulls action is expecting.
- Suggested Article - How to make money.
- As per graph no3, stock is moving up from from 50 days moving average, this will favor bulls to take stock price further up.
- Click here to see all the free trading reports (tips) published by us on WIPRO LTD.
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