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Poison_1907

Short for 348. falling below 400 can further increase confidence

Short
WIPRO LTD (NSE:WIPRO)  
Poison_1907  
NSE:WIPRO   WIPRO LTD
Fibonacci Wave Analysis Elliott Wave
2
0
fibonacci waveanalysis elliottwaves
1. Intermediate wave cycle seems to have completed, and stock is up for correction, currently retraced less than 23.6% which is at 400, breaking 400 can open gates for another 13% correction till 348.
Usually it should at least retrace by 38.2% levels therefore 348 seems likely.
2. Nifty IT index is weak too.
Clause de non-responsabilité

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