Wipro NSE By KRS Charts

Updated
Date : 6th June 2024
Time : 10.27 AM

Why I am Bullish on Wipro ?

1. Wipro has Formed Cup & Handle Chart Pattern on Monthly TF and successfully retested on neckline too as we can see on Chart.

2. Current Fibonacci level is 0.5 to 0.618 known as Golden Reversal Zone.

3. Nifty IT is Also Showing Bullish Trait like Bullish Divergence.

After all this Entry on this after Wipro Breaks 260 Rs and close above 260 Rs.
T1 will be according to C&H is ~530 Rs with SL of 439 Rs.
Note
Wipro Breaks 460***
Trade active
Its Above 460 and probably close above 460.
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Today Gap up open and surpass 100EMA Resistance in Daily TF.
Note
50% T1 Achieved!!!!!!!
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500 is Hurdle Rejecting but likely to breakout soon.
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Breaks 500 RS Mark
Note
Target Achieved 529 Rs
Can booked your Profit for short term investors.

and Rest
Next Targets will be 546 Rs and 615 Rs
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Thank you all for your Support!!
I hope all this Studies is working fine for you. :)
Note
Small 546 Rs Target Achieved Just Now.
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Currently at Resistance, Profit booking can possible

For more Detail open recent comment on Wipro Post in my X Handle.
Note
Wipro Price is again in same 0.5 to 0.68 Fibbo Retracement Range also known as Golden Reversal Zone.

We took entry in Wipro with GR Zone. But now it again in same fibbo zone but with another low than before.
Note
Worked!!
Wipro is looking Strong for upside again. 👌⚡
Note
Another Breakout in Wipro❗❗
Inverted Head & Shoulder Chart pattern from 22nd Jul, Reversal from Golden Zone👌
Trade active
After T1 529 Rs✅
T2 - 574 Rs ❗**
Mid Term Target 614 Rs ❗**
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