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Friday 25 January 2013

Wipro - Trading Idea

1st Target achieved
After the results Wipro had fallen from 439.6 to its horizontal support line at 393 and after consolidating for 3 days above that level it started coming up and closed above 50% fib level at 405.5

Hence it is recommended to buy above 405.5 for a target of 415 and 427 with SL placed at close below 405 or break below 490.


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