RSI Divergence in Wipro
You can see that the stock has made a higher-high but the RSI has made a lower high
Further, the stock also has broken a trend line, thus the trend has been broken
To support this analysis the stock has crossed its 20-MA.
My target would be around 386-388
and 2:1 reward risk ratio
Further, the stock also has broken a trend line, thus the trend has been broken
To support this analysis the stock has crossed its 20-MA.
My target would be around 386-388
and 2:1 reward risk ratio
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