WIPRO - 60MIN CHART - Shows more downside movement can happen

This is a pennant formation on the 60min chart. It has clearly rejected price at 269 levels. Very strong bearish candles at these areas suggest that more downside movement can occur. Traders can go short at the trendline break at 262.55 level. Targets are mentioned clearly on the chart.
Multiple Time Frame AnalysisPennantTrend Lines

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