Wednesday, August 7, 2013



WIPRO is one stock we recommended to be long earlier.

Posting 1:

Posting 2:

Wipro is making a formation look like Ending Diagonal. Today it made a shooting star at previous highs of 463 levels. It made a new high of in last one year. Stochastic and RSI shows that the stock is over bought. If stock moves below(<451.30) today's low price, one can short the stock with today's high(463.7) as SL.

Targets could be 434.6 / 415

If stock moves into side ways and make high from here on, it may visit the levels of previous highs in history.
Previous highs above this price few years ago are falling in the range of 490 - 500.

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