WIPRO - Break of 300 Resistance zone | HIGHER LEVELS INCOMINGThanks for coming to this update.
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WIPRO has crossed above the 300 resistance zone with good volume which is a bullish sign and should be able to hold the level.
The IT sector has been doing good in this market and has seen the second-highest rise since the crash after the Pharma sector.
Since WIPRO is a part of the IT sector, I would have a bullish view on this stock for some time.
WIPRO can come down to test the SWAP zone again but that should be a buying opportunity and we can expect more run-up in this stock over the next few days.
In terms of day trading, once the pullback is over, then buying dips would be a good strategy.
On the bearish side, if the overall market turns bearish due to some reason, then I would not prefer to be on the buy-side of any stock.
Please choose your trades wisely.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“The trend is your friend until the end when it bends.” - Ed Seykota
