Wipro
Simple Trade Setup | WIPRO | 27-12-2021 [ INTRADAY ]NSE:WIPRO
Observations:
1) On 1 day time frame, we can see that it is at the breakout zone of 700-702.50 level range.
But major breakout will be only above 720 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
WIPROWipro has shown good strength and featured in the list of the strong stocks in the past 10 trading sessions, If we look at the setup, the stock is trading perfectly within a channel. Recently, it took support at the lower end of the rising channel and has crossed its key hurdles, The upper of the rising channel is around the 850 levels. In term of wave counts, wave (iv) correction looks like completed, and now wave (v) can be possibly unfold, If we assume that wave (v) can be equal to wave (i), then it can show the level of 815 upcoming, On the way down 20DMA and 50DEMA can provide immediate good support which are pegged near 648 and major support is recent swing low at 598.
All the key levels are mentioned on chart
Parallel channel structure
Wave structure could be like this
macd in weekly uptick
macd in daily positive and uptick and above zeroline
rsi in daily breakout and above 60 with uptick
adx dmi positive
bollinger band action
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
WIPRO - Ready for take off ?WIPRO today has closed on 646.90. entry was 647 which should be good as it has sustained a support above the triangle, would recommend to wait for one more candle for up move, if it closes above 647 tomorrow it should uptrend later.
looks like a doji candle creation to me hence its better to wait for one more candle before entering.
** NIFTY IT index outlook for the next few months **Hello Traders., Today its 9 Dec evening..
We have found a descending triangle just at the top of the rally in the NIFTY IT index. And the Triangle is going to break.
Two things to watch out from here.. i) Firstly a huge momentum will be followed in the IT stocks when the triangle pattern breaks either on the upside or on the downside,
ii) Secondly the trend will be set and always follow the trend .
So please be careful in the investments that you take in the IT index stocks.
It's not long that we might see a good correction or a positive upside in the IT stocks .
I am not saying you to short or be long the IT stocks tomorrow but the Outlook is a terrifying . So please have a look. Time will say everything. Have patience.
Wipro, fundamentally bullish, T= 700+Wipro along with the whole IT sector has been correcting and now consolidating from the past 3 weeks. After stellar performance in the second quarter of FY 2021-22, IT sector is preparing for another bull run. This time along with TCS, Infosys and Wipro will also make new highs.
My choice for short term and intraday is Wipro, CMP 660/- for targets of 684, 720 and 760 (in the coming month).
WIPRO: Entry points for Long Term InvestmentsThis is a long term Investment Idea (Buy Only) following signals from this indicator.
Wipro has given a multifold return over the years. It is also known for paying dividends/bonus & has a solid management.
*Never put all your eggs in the same basket! Typically should diversify investments to absorb shocks*
#Wipro #Investments #Dividends #NSE #BSE #LongTerm #GoldenStocks
#EXPLEOSOL Expleo Solutions #ML #AI #IOT #IT #BLOCKCHAIN #MONEYNSE:EXPLEOSOL
Expleo Solutions Ltd.
NSE:EXPLEOSOL
Risky but could be a great trade
RR Ratio > 4
CMP: 1127
Target 1750 almost 50%
SL: 975
Time < 6Months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
WIPRO SWINGAlready in a very strong uptrend , pullback is completed now;
1. Back to it's old support. ( 645-652 ) levels.
2. Formed a good morning star at support.
3. Took a support at 55 EMA.
Buy price : 660
Stop Loss : 643
Target 730+
A great risk to reward ratio of above 4.
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
#KREBSBIO KREBSBIO #NIFTY BANKNIFTY #NSE #BSE #HDFCBANK #SBIN Krebs Biochemicals And Industries Ltd.
NSE:KREBSBIO
NSE:KREBSBIO
CMP: 175.40
Target: 250+
Time frame: < 6months
SL: 148
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia