Symbol - WIPRO Wipro Ltd is a global Information technology, consulting and business process services (BPS) company. It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies. Wipro was in consolidation & accumulation phase from July 2022 to December 23. After that it broke out of this consolidation zone...
Right now its up for breakout after consolidating in the sub wave of corrective structure. Look to buy and hold if you have the patience. Its already in the up move.
Now Wipro is create Cup and Handle Pattern in Longer timeframe . Take enter after break the trendline i have draw in chart . entry level : 501.90-510 StopLoss level : 479-470 Target : First Target 540 Second Target 625
Wipro appears to be within my budget for purchasing, so I've begun investing a portion of my funds. I anticipate a profit of approximately 150%. My initial goal is to reach the 720 range. I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your...
The recent change in the management of WIPRO Ltd has brought a nice 56 Inch wide smile on Veterans who've been tracking the stock. The CEO under whom, the profitability had reduced, has resigns and in exchange for him, we're finally getting someone who understands the Business and the Company. I'm anticipating good moves in the stock from CMP. Here are the...
Long consolidation with huge sell spike in downtrend took sufficient time to recover, recent overall market bullish and some political factor influenced the investor to invest in Indian market. #Wipro looks like one of the hanging fruit for the investor. Recent, investment plan of investing in AI and new projects approvals will attract investors. My Key support...
Wipro for the intraday trade is looking bullish and has closed around the resistance zone. The stock after the fall has given a bullish engulfing candle on the daily charts. It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock. If the stock starts trading above 520 levels and sustain above it, a...
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
WIPRO 1st, 2nd, 3rd, 4th wave has completed 5 th wave in formation, within 5th wave in smaller cycle 1st,2nd,3rd wave completed either 4th wave has been completed or can see further retracement of 4th wave if 4th wave has been completed,5th wave formation will result in upward movement. this is for educational purpose, not a trading advice, trade with due diligence
WIPRO - After months of downtrend and consolidation, forming an inverted Head and Shoulder pattern. Any breakout on this will give good returns - first 440 -490-550 levels. CNXIT is also on the rise, this should help in gaining some momentum. Add to watchlist, for further study.
NSE:WIPRO cmp 543 WIPRO gave a breakout on weekly chart at 450-460 zone in Dec 2023 made high of 529 and made a small pull back in Jan-Feb then yesterday broke out above 529 and now heading towards 1st tgt of 615 expecting a pull back at 615 region and then will move on towards 730 The objective of this analysis is knowledge sharing and education. There isn't...
#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...
Wipro looking bullish and it has formed an ascending triangle pattern. Where we can see the target of 550 to 580 range once it breaks the ascending triangle break line. Disclaimer- Its only for education purpose and not trading recommendation.
A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:WIPRO The shoulder is exactly at 0.236 fib retracement level. and the target is nearly at 0.50 fib level. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per...
Wipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
Stock has consolidated good and started making higher high , trend continuation expected if the level are maintained . A classic round bottom in formation , immediate short term trade trigger could be the break of triangle for a good bump .
BankNifty Analysis - Stance Bullish ⬆️ BankNifty also gets a stance upgrade from neutral to bullish today. After we crossed the 47539 resistance, its level as support never got tested. Today’s gap-up was not so visible for the banks - but the price action was more healthy. 4mts chart The stance change came only in the last 15 minutes or so when BankNifty...