Wipro Ltd is providing a favourable entry to attempt to Trend Follow its price rise

Wipro Ltd (NSE symbol: WIPRO)’s price chart is embedded and the rationale for a buy idea is explained below:

20 simple moving average (SMA) is above the 200 SMA.

The 20 SMA is rising and so is the 200 SMA.

Today’s price action almost forms a White Marubozu, which in addition, eliminates the prior red colour.

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