Name - WIPRO
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 550
Can test - 604
SL - 542
Here’s a summary of Wipro Ltd’s Q1 FY25 results:
Financial Highlights
Net Profit: Wipro reported a net profit of INR 3,003 crore, a 4.6% increase from the same quarter last year1.
Revenue: The consolidated revenue for the...
Here are the current support and resistance levels for Wipro (WIPRO) on a 4-hour timeframe:
**Support Levels**
1. **Previous Low**: 444.00
2. **Fibonacci 38.2% Retracement**: 446.00
3. **200 SMA (Simple Moving Average)**: 448.00
4. **Fibonacci 23.6% Retracement**: 450.00
5. **Short-term Support**: 452.00
**Resistance Levels**
1. **Fibonacci 61.8%...
Wipro flag pattern on buy side 15 mins. Expect stock to go on up side upto 532 levels. It might happen in few days time. There is a chance for stock reversal but again it goes up
Wipro has been on the rise after a solid consolidation phase, forming higher highs and higher lows. Currently, it’s retracing to a strong level with a favorable risk-to-reward ratio, aiming towards its all-time high (ATH). Ensure you enter trades with a predefined stop loss for safety.
Wipro is good on Long Side. It is a good time to enter in this stock. But this is for long term investments. The stock may give returns up to 44% returns.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:WIPRO
Wipro Ltd | A Strong IT Momentum Stock
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company
Financial: strong
Market Cap = 2,41,673 Cr. ROCE = 17.7 % ROE b= 15.9 %
Debt to equity = 0.26 Promoter holding =72.9 % Quick ratio = 2.28
Current ratio = 2.29 Piotroski score = 5.00 ...
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.
Hello everyone, i hope you all will be doing good in your trading and your life as well, i have brought a large cap IT sector stock which has given Triangle Pattern breakout, and price is still sustaining above the breakout area, in yesterday's session we have seen neckline breakout, and today's price has come to retest the breakout.. A high probability trade is...
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...
Details:
Asset: Wipro Limited (WIPRO)
Pattern: Cup and Handle
Breakout Level: Above handle resistance (specific level not mentioned, assuming current resistance)
Potential Target: 545
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Wipro Limited (WIPRO) is forming a cup and handle pattern, which is a bullish...
Wipro creating good swing trade in weekly time frame
Price consollidation near 200 EMA since 2 years and time to breakout consolidation upper zone.
As per wave theory its ready to create fresh 12345 in weekly time frame and 5 of Monthly time frame.
Wipro had a strong resistance of 450 which broke and is now acting as a support.
Since Nifty IT is looking bullish, we can expect a reversal in this stock.
An amazing investment stock available at a very good price.
