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#1
24th September 2004, 10:55 AM
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Broadening Formation in Wipro
Looks like a broadening formation forming in Wipro 60min charts.....usually happens in peaks rather than troughs.A decline below the lower trendline will be a huge move down.....If this fails and breaks the upper trendline,will be a huge move up.......Interesting!!
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#2
24th September 2004, 11:09 AM
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Re: Broadening Formation in Wipro
Hello saint,
Could you post an image of this pattern for the benefit of other members in this forum. Thanks.
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#4
24th September 2004, 11:27 AM
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Re: Broadening Formation in Wipro
when you watch the daily chart of wipro there is a major support arear near 570-590 region .And more over the IT sector outperforming the broader market for the past few months,will this broadening formation can take any immediate reversal?.comments are welcome.
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#5
24th September 2004, 12:29 PM
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Re: Broadening Formation in Wipro
Quote:
http://www.techsmith.com/
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