WIPRO - SWING TRADE - 23rd December #stocks

Dec 23, 2023

WIPRO (1W TF)

Swing Trade Analysis given on 23rd December, 2023 (Saturday)

Pattern: RECTANGLE BOX BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike near Breakout - Done ✓
- Retracement & Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #wipro

Jan 15

Trade active

WIPRO Update - 15th Jan, 2024

- Both Target Levels Achieved with Strong Buildup
- 17% in 15 Trading Sessions

- TSL On

#stocks #swingtrade #chartanalysis #priceaction #traderyte #WIPRO

Jan 15

Note

This is an update for Wipro for which we were very quick to put an update first thing in the morning when the stock hit an overall of 17% in 15 trading sessions.

However, after the 10% Upper circuit opene out, it trapped all the buyers going up another 2% and then feel drastically by 6% (with volumes).

My questions to you are:
1. Did you book your profits when it hit our exact target levels that we marked out?
OR
2. Did you not place your targets like I did because even I did not expect such a massive jump in one session

Please write to me in the comments so that we can under the mindset.

Jan 25

Trade active

WIPRO Update - 25th Jan, 2024

- Wipro is at our Support Level and has formed a double bottom on a Daily time frame
- Small SL with a better RR till previous high

Jan 30

Note

WIPRO Update - 30th Jan, 2024

Re-entry Possibility:
- It formed a clear Falling Wedge pattern on a daily time frame (charts are shared)
- It has broken out today from the falling wedge pattern
- Small SL for a better RR
- Target will be previous high for starters

#stocks #swingtrade #chartanalysis #priceaction #traderyte #WIPRO

Mar 17

Note

WIPRO Update (as of 17th March, 2024)

Previously:
- After giving up a 17% Return in Jan,2024 itself the stock had achieved the Target Level
- We had also informed in advance for another entry possibility
- Thereafter, we had achieved the same Target Level with a breakout in Feb, 2024

Present:
-And after reaching the 545 levels; in the last 1 month it has again retraced to 520 levels currently with a consolidationg and accumulation going on
- The stock is taking support on our Target Level, i.e Resistance has become a Support

Going Forward:
- New Target Levels have been updated
- We are shifting from a Weekly Time Frame to a Monthly Time Frame for a better structure and more clarity
- Looking at another Small SL for a better RR

* Disclaimer