Monday, December 12, 2011

Wipro

This one has three patterns that I noticed:

1. Bearish Bat
2. A wolfe wave - not much downside though
3. A bullish wolfewave - Target of 465

Short at CMP 414.75 - SL @ 422 (at your own risk appetite - on closing basis)

Target 360



Alternatively - We may see an upside with a close above 425 for 463



If you are unsure - dont trade this.

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