WIPRO LTD
Corto

Good place to book profits

356
Wipro CMP 567

Elliott- the first fall has 5 waves hence this rally is an opportunity to sell.

Trendline - break of the trendline will be a confirmation. Hence once can wait for shorts here till it breaks and then given a rally.

RSI - we have -ve divergence too at this zone.

FIB- the rally has halted at 61.8%. Which is also the start of the 3rd wave of C. To me this is a very high probability reversal zone.

Conclusion - traders and investors should take profit off the table.

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