WIPRO: Out of the shell ?

- The chart is pretty self-explanatory but here is the gist:
- 10 months of pure sideways consolidation (I get it. Wipro tested Investor's patience, the most)
- Breaks the support only to reverse back into the range, trapping sellers
- On the verge of breaking its range for the cage-free price momentum
- Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section)
- Don't let the analysis end here! Boost, comment, and follow for more such insightful posts

⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻

코멘트:

Nifty IT:

코멘트:

The long upper wick rejection candles show the presence of sellers at the resistance zone.

코멘트:

Wipro is a synonym to comfort zone. Just Don't wanna get out of it 🤭.

코멘트:

A breakout amidst long wick consolidation candles. Kind of lacks strength. If we swing, It will only be above 427 levels.

코멘트:

Daily Time Frame:

코멘트:

And we are back in the comfort Zone.

코멘트:

코멘트:

코멘트:

코멘트:

코멘트:

코멘트:

Still above 500.
\

코멘트:

코멘트:

코멘트:

I would keep an eye on WIPRO

코멘트:

코멘트:

Crucial levels:

코멘트:

And crucial level worked like a charm. Good news+ Good price action