WIPRO LTD Weekly Chart Analysis
CMP: ₹241.50
Pattern: Symmetrical Triangle 🔺
Indicator: Bollinger Bands tightening 📉
Volume: Gradual rise on consolidation bars 🔍
Trade Setup:
Buy Above: ₹249 ✅
Targets:
🎯 ₹280
🎯 ₹300
Stop Loss: ₹227 ❌
Risk/Reward: ~1:2+ ⚖️
Chart Insight:
WIPRO is forming a symmetrical triangle on the weekly timeframe. Price is coiling near the apex – suggesting a potential breakout move soon. A close above ₹249 with strong volume could lead to a bullish trend reversal. Bollinger Band squeeze confirms incoming volatility.
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Disclaimer: Not financial advice. Do your own research (DYOR).
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