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Wipro Intraday Short Entry with Multi TF Assemblage

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Weekly price at a good resistance zone with shrinking green candles giving a slight negative bias of a quick short. Daily is in an uptrend after the recent TL break. To confirm a trend change, the new TL needs to be broken in daily which has not yet happened. However, we look for an aggressive entry based on the 15 min TF based on the following:

1. EMA crossover
2. Big red candle rejection of the pivot and 50 EMA.
3. Break of 15min support.

Once TL is broken in Daily, we can add on to the trade as it gives a clear bearish confirmation.