Wipro Long Term Breakout Explained

#wipro lately has been giving wild moves and many people including myself are wondering why. I may not know the exact fundamental reason for the move in wipro but as a technical analyst i can share my POV on Wipro technically.
1. Wipro has given a major breakout in the weekly timeframe.
2. After a prolonged period of consolidation in the likes of more than 1 year, 528 days to be exact wipro has broken out of a range and is right now in the middle of a rally.
3. The next possible resistance for wipro is 600.

Happy Trading,
Yamini Prabu
NISM, NSE Certified TA,
Independent Trader/Trainer