There is strong correction in Wipro and it is near strong support zone. It can possibly retraced with broader market going up. Risk to reward ratio is favourable
Trade closed: stop reached:
stop loss triggered today as it opened in gap down. However, we can go long again if Wipro price crosses 454 levels for a target of 495-500 target in 4-5 sessions and stop loss will be below today's low of 437
Trade active:
Wipro buy call again active as it crossed 454 levels today morning and it is going strong, made a high of 466. We now expect it to go further upside to 495-500 levels, stop loss is now below 437 which is recent swing low.
Trade active:
Wipro hit a high of 475.80 in a matter of 4 days. Keep holding with a trail stop, now a trail stop as per my view should be below 465. Tight stop will be 468,however there is a possibility it can hit and can go up again.