From the chart, it is seen that after a good Bearish rally outside the non-trending area, a significant gap appears in favour of Bears. But the Bulls become very aggressive on that day that the gap got filled on EOD. This confirms the presence of Exhaustion Gap and a Trend reversal is expected. So, it is recommended to create a Long position.
WIPRO’s Bulls Exhaust a Bearish Gap
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Stock Analysis
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Bullish View
Bearish View
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