Right time to invest.
Fundamentally good.
Leave a " Like If you agree ".👍
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Entry:425
target:435 / 459 / 531
stoploss: 415
major stoploss/ support: 399
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Enter conservatively after "425"
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. more than that "WIPRO" ., is fundamentally good.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for...
Right time to invest.
fundamentally good.
.
Entry:425
target:435 / 459 / 531
stoploss: 415
major stoploss/ support: 399
.
.
Enter conservatively after "425"
.
IT stocks are going to boom.
long term investment; min 20% return.
huge potential is there.
Long term holding ;
if you are interested in invest NOW, go for it with small risk,
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. more than that ...
WIPRO has formed over a 1 year long cup and is poised for breakout and if can sustain. It has fallen over 50% from top and regained 25% from bottom already. RSI is high.
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 .
📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈
💡 Rationale for Selection:
📊 Technical Analysis:
Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈
Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄
MACD: Expected bottom-up...
NSE:WIPRO underperforming for past one year, as of weekly time frame, wipro touch crucial support.
If weekly candle cross the trend and closed above it. Take position and fix a stop loss at 380. Target 450.
📊 Details
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your...
Wipro is at cloud support on monthly charts & this could be taken as a great support for a big move. Can keel stop loss near 388 levels for target of 470 -540 & further new highs in long term.
Bullish on Wipro for the long term coz:
1. Rounding Bottom Pattern in Weekly TF.
2. Crossing 200 dema
3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on
4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline
**BUY @ 417
**SL @ 395.75
**TGT 1 @ 610
**TGT2 @ 720
**Holding Period is...
The stock has been consolidating for a while and the RSI is moving up on a weekly time frame
If you look at the Support levels its hovering around 200day EMA
Aim for Buying either breaking out of the box range or retesting those levels again
Target 1 520
Target 2 626
Stop Loss 350s
Wipro after fall from 734 to 400 level has taken support near the 61 percentile of fibonacci retracement and is consolidating.
This is long term view based on predictive trend chart.
Long for a target of 830 once it closes above 420 on monthly basis
Very small stop loss will be 380 on monthly closing basis.
So last week Wipro was trading around its resistance zone it tried to push up and break that resistance but the sellers were not ready and thus they moved the price all the way down from 424 to 406 making it back into the zone, the stock price closed at 398.75 on friday , now its expected to move to the support level of 380. Good luck
![WIPRO: WIPRO 1D - Fuel over \](https://s3.tradingview.com/3/3nuyWGg3_mid.png "WIPRO 1D - Fuel over \")
