THIS ANALYSIS OF WIPRO IF FOR NEXT 3-4 TRADING SESSIONS.
WIPRO IS FORMING HEAD AND SHOULDER PATTERN ON 2 HR ,4 HR TIME FRAME.
WE HAVE FOUR DAYS OF LEFT SHOULDER FOLLOWED BY HEAD AND NOW FORMING A RIGHT SHOULDER .
WE HAVE A NECKLINE AROUND 218 LEVELS AND PRICE MAY TOUCH THAT LEVEL AGAIN BEFORE COMING TO LOWER LEVELS. ie 212 AGAIN.OR IT MAY FALL STRAIGHT.
WIPRO HAS RESISTANCE NEAR 221-225 LEVELS
SHORT WIPRO AT 212.5 AND BELOW FOR THE TARGETS OF 205-204.
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