One of our Favorite Strategy to predict long term bull market with minimal risk is 13-13 Wilders Moving Average Channel offset trading system is applied to Nifty weekly chart and interestingly nifty has turned to buy mode(Nifty is in sell mode since Jan 2011. i.e almost more than a year). Also i would like to bring more attention our ichimoku trading system on the weekly charts as nifty had turned to buy mode last week on the weekly ichimoku charts
The Wipro stock has been in strong downtrend since May mid to September 6,2011. It had lost nearly Rs 178/share during this time frame. The 13-13 wilders moving average channel offset trading system suggests a medium term buy signal with the support at 336 and target around 380.