WIPRO

#2
The IT industry has taken a hit recently.
But WIPRO is trading higher than average, at a P/E of over 17. This might be because of the buyback tomorrow.

In my opinion (OPINION), the correct value for the purpose of investing would be below 270. Right now it is around 300.
For trading/ short term profits, the party is pretty much over as the stock has already rallied since the buyback announcement.
 
#3
Thanks for your input. Well, you can see that there is Three White Soldier formation in the charts but it was taken out by a big red candle. I will make a note of your observation.

upload_2017-9-12_13-9-1.png
 

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