This chart came to my attention when it gave breakout of the downward channel at 400. Last week, however, it has given a inverted head and shoulders breakout on its weekly chart with very good volumes. Wipro is India's one of best large cap IT and consumer products company with extremally good tract record of financials as well as management. Investors should have these fundamentally strong stocks in their portfolio.
Considering its all time high of 718, this stock is getting at 55% discount and Investor's should not miss this wealth creating opportunity. A new entrant should either keep no stoploss or very deep stoploss for this trade as there are clear indications on the chart of trend reversal.
CMP - 462 (24/12/23)
T - 600
Considering its all time high of 718, this stock is getting at 55% discount and Investor's should not miss this wealth creating opportunity. A new entrant should either keep no stoploss or very deep stoploss for this trade as there are clear indications on the chart of trend reversal.
CMP - 462 (24/12/23)
T - 600