WIPRO - broken out of an Ascending Wedge pattern

7 836
ASCENDING WEDGE PATTERN -

wipro has broken out of ascending wedge pattern with gap-up opening indicating strong bullish momentum for the stock

100D MOVING AVERAGE -

price has tested the 100D simple moving average several times and have gone upwards indicating strong potential for upward movement

HIGHER HIGHS & HIGHER LOWS -

price has formed multiple higher highs & higher lows indicating price is having bullish momentum

TARGET PRICE -

price will go till 317 level

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