Scrip : WIPRO
Trend:Bearish
Cmp :356
Sell WIPRO FEB FUT
Target :329
Hedging option : SELL WIPRO 355 PUT AT RS 11
SL: 370
MAX PROFIT: 11*2400=26400
MAX LOSS: Depends on theta value. Approx (12000/-)
- Hourly chart rising wedge
- Rsi not able to give breakout from the channel
- Intersection resistance point at 360 on daily chart.
- Price making higher highs while macd histogram consolidating.