📌 Wipro — Breakout Watch Zone 🚀

Wipro is showing an interesting structure as price approaches a major breakout level after a prolonged consolidation phase. 🔍 Technical Snapshot Sideways Accumulation: Price stayed inside a well-defined range for several weeks, signalling base formation rather than weakness. Higher Lows Forming: The rising trendline under the structure indicates buyers stepping in sooner on every dip — a sign of strength and demand absorption. Price Now at Resistance: The stock is testing the upper boundary near ₹260–₹262. Multiple retests weaken resistance over time, increasing the probability of a breakout. Momentum Improving: Recent candles are stronger and broader, hinting at renewed interest and declining selling pressure. 📘 Learning Note A breakout after a flat range + rising higher lows is a classic price action pattern called a: "Ascending Accumulation Breakout" This pattern often precedes a momentum expansion phase because: Buyers have been accumulating quietly, Sellers gradually weaken, Breakout triggers short-covering + fresh demand.