Sunday, June 19, 2011

WIPRO- A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


WIPRO  closes  at 408.85  with a fall of -1.70%   on 17 June 2011 with formation of Long Blacke Candle and Symmetrical Triangle Pattern on Daily  Price Chart. Technically, TI is  WIPRO looking extremely Bearish  on Charts. Major Momentum Indicators are in Bearish zone. Buyer-Seller Force Index,RSI, Ultimate Trend Cycle & Twinggs Money Flow & TAIO are lossing momentum on   Daily/Monthly Price Chart.
We Recommend to SELL  -  WIPRO  at CMP
Target-  380/295
Stop-Loss – 436
Time Frame- 5-30 Trading Days
 Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .

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