Wipro Limited

Double top and bearish engulfing pattern and price in overbought

233
A good shorting opportunity

bearish engulfing pattern formed after wipro announced it's result
i have also checked the delivery percentage which was less.
if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate

also price is in overbought region as per RSI indicator.

and lastly it looks like a double top has been formed after a uptrend in price which could mean that trend is about to reverse

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.