Today WIPRO did U turn from 571 level and hit two target on the buy side.
New entry on the buy side can be only made above 580 levels and any dip above 580 will be another buying opportunity.
Because today if we see in option chain data, a lot of short covering seen at 580 levels as well as 590 and 600 levels. Also NIFTY IT is looking strong.
Here are 5 different Scenarios for Wipro for 19-07-2021 Trade. These levels are for Intraday Trading.
Scenario 1 A little gap up or gap down or flat opening. Entry levels and targets are mentioned in Chart.
Scenario 2 A gap up opening but facing resistance. Entry levels and targets are mentioned in Chart.
Scenario 3 A gap down opening...
TODAY, 23-07-2021, WIPRO gave a dip at 584 level, which was our marked level and that dip was buying opportunity.
As mentioned in my last post any dip above 580 will be a buying oppotunity.
Now, what next?
Any dip till 594 or 589 level will be a good buying opportunity. Short term target will be 615.
For Intraday target it will be 607 at max....
Nifty50 and Banknifty saw a day with healthy moves for bulls. Banks and Reliance lagged a little.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250,...
Hope you have made good profit.
All the Target hit in just one session today 14-07-2021
Avoid Intraday Trading tomorrow in Wipro.
If you are holding delivery of Wipro in cash market, then you can carry it. Trail your SL at 550.
Looking to confirm an upward breakout if the candle closes above 550.
In case it doesn't breakout as expected, might take up a counter position at the lower level.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
TECHNICAL ANALYSIS OF NSE:WIPRO
The LAST CLOSE PRICE of NSE:WIPRO is 547.5 . The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0 at the FIBONACCI STOCK PRICE LEVEL of 547.5. From here, the Key Support and Resistance levels are SUPPORT 1 at 524.76, SUPPORT 2 at...
GOOD FOR A QUICK OPTION
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS ,, MOTHERSUMI , DLF , BRITANNIA
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Wipro has rallied too much; it needs to correct the price so that when it breaks the support, it may bounce back to the previous levels.
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis.