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WIPRO LTD
Short

WIPRO - Breakout (Bearish Pennant Continuation Pattern)

By NeeteshJain
Updated
As per the price action on hourly chart, it is observed that the price action consolidated after a sharp correction to the previous gap up levels. Now price action formed a pennant triangle pattern, indicating continuation of prior strong bearish move. The price action may further fall down to 325-330 levels.
It is a low risk, high reward trade setup.
T1- 335 T2- 325 SL- 348
Trade active
Trade closed: target reached
T1 reached
Chart PatternsHarmonic PatternsTechnical Indicatorspennantbreakoutwiprowiproshort
NeeteshJain

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