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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.