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Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Medium term low risk buy signal in Wipro

16 sec read

Stock : Wipro
CMP : 354.05
Call : Buy
Support : 336
Target : 380

 
Technicals
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.

News:
The recent surge in the rupees had hit the IT sector and the Wipro’s Q2 results are expected on 31 October, 2011.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.
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