WIPRO Cup and Handle break out after Rs. 550

1. WIPRO has completed Cup & Handle pattern successfully.
2. Wait for Break out above Rs.550.
3. Recently we have seen increased volume also.
4. Trading above 30 EMA on weekly timeframe.
5. One can enter on break out above Rs. 550 (at own risk) for a target of Rs. 721 within 3 - 4 months time.
6. Keep a strict stop loss at Rs 525 after which short term trend will become weak.