Stock is trading in the range of 420 to 380 since last one year. Its heavy consolidation and already at 73 percent discount from ATH of 740. Wipro tested 420 levels many times. Once successful breaking of 420 levels, it can touch 440 and 525 levels within a short time. At current level buy for 525 levels at good risk to reward ratio. Stoploss can be 375 rupees....
Stock is facing resistance at Current levels since last 3 weeks and given price rejection from Upside. Any daily candle close below 1120, Can lead to downside till 1080 (Support on Chart). Watch closely for triangle breakout/ Breakdown.
Sun Pharma is looking bearish as last 3 week Stock facing resistance at current lavel and not able to break it. Any daily candle closing above 1120 can lead to downside till 1080 as its next support. Nifty Pharma is also looking slightly weak after continuous rally. Watch Sun Pharma closely for Traingle Breakout/Breakdown.
