Wipro

Date 03.09.2024
Wipro
Timeframe : day chart

Remarks :
Strong/Breakout
1 If breaks out from cup & handle neckline + 50% of fibonacci + resistance band of developing symmetrical triangle, that's a good breakout. Target could be 61% of fibonacci

Weak/Breakdown
1 If breaks down from 38% of fibonacci + goes below handle + moves below support band of developing symmetrical triangle, that's a weak set-up. Target could be 23% of fibonnaci.

*For swing support can take input of 20,60 & 200 ema combination. See if any divergence or convergence.

Regards,
Ankur