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Wipro

Wipro Buy or Sell ?Points to Observe 1. After channel breakout the upside rally should continue but if we observe the chart even good positive volume breakout turned into selling volume after breakout indicating Weakness in buying side. 2. At the same time we have to consider the Horizontal Resistance, At that resistance market is fighting which means the resistance will break and continue bull rally. At this point We have to wait for either side breakout & we will enter into trade with good confirmation. *Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only ******** >> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
NSE:WIPRO
by Ravitejasreevatsav
1
IT to loose some steam Sharing only for the purpose of learning. IT sector may lose some steams after this wonderful rally. Fibonacci Projection as shown reached the 1.414 levels in a single rally. Few stocks showing some retracement signs on charts. It can retrace or again start his journey again as few stocks still seem very strong on charts as below. - TCS - Mindtree - OFSS - TECHM. Stocks that can retrace can be as below. - COFORGE - LTI - MPHASIS - WIPRO. This is only for the learning purpose watchful for the monthly expiry and sept month for IT sector. As FMCG now can come forward in this situation to move market UP and smalls Hopes from bank nifty to keep market eventful for September series. Share your thoughts regarding this in a comment.
NSE:CNXIT
by Pro_Trader_GRV
IT and HUL end the day for Nifty past 16600NIFTY 50 EOD ANALYSIS -17-08-21 IN SUMMARY O / H / L / C 16545.25 / 16628.55 / 16495.4 / 16614.6 H-L = 133 VIX 13.41 / -0.37% FII DII: -77 Crores CHART BASED CONCLUSIONS Nifty closed above 16600 for the first time and close to the ATH level. Nifty made a higher high and a higher low. Nifty was facing resistance near the earlier day’s high and then fell sharply and recovered in the last hour or so. On daily charts, the candle looks strong with Ok volume. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters INFOSYS 27 TCS 10 HUL 09 NESTLE 08 WIPRO 07 TOTAL 61 The Draggers HDFC BANK 14 JSW STEEL 08 RELIANCE 06 ADANI PORTS 05 LT 04 TOTAL 37 Lifter - Draggers = 24 This explains why Nifty fell before recovering sharply. POSITIVES Nifty made yet another ATH and the first close above 16600. Nifty 50 IT members rallied behind the index and performed very well. INFOSYS and TCS in particular have been doing well for the past few sessions. MARUTI as well as TATA MOTORS made a good recovery from their lows. FIIs selling has reduced compared to yesterday. NEGATIVES HDFC BANK and RELIANCE did not end in the green and instead dragged the indices so some sort of pressure is likely unless they reverse. BANK NIFTY ended once again below 36000 ahead of the expiry day. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. TRADING RANGE FOR 18-8-21 Nifty baseline moves up to 1600-450. BANK NIFTY support base stays at 35600-800 and resistance at 36200-36500. INSIGHT / OBSERVATIONS WHen INFOSYS buyback was in the air, it was expected that it would happen around 1750. The day’s high was 1746.9. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. What do you feel? Thank you, and Happy Money Making! Umesh 17-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Wipro - Breakout stock🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:WIPROLong
by PrakWorld_Traders
Wipro - Bullish breakout🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:WIPROLong
by PrakWorld_Traders
WIPRO TARGET Achieved | Trade setup for 26-07-2021NSE:WIPRO 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. And bonus target can be there if it continues strong bullish trend if it takes support from 607. All these mentioned level will work as support and resistance on particular day based on how price action are working near that price level. Do comment, if my ideas are helping you to understand the price action and levels. Have a happy weekends. Also do comment, if you have any doubt.
NSE:WIPROLong
by Trading_hawk
WIPRO TARGET HIT | TRADE SETUP FOR 23-07-2021NSE:WIPRO 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. All the levels mentioned above 580 will act as entry point, support as well as resistance, based on how price actions & trend are working on particular trading day near that price levels. Hope you had a good trading day today and all the best for your upcoming trades. Do comments if you have any doubts.
NSE:WIPROLong
by Trading_hawk
WIPRO | Different scenarios | Trade Levels | 19-07-2021NSE:WIPRO 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 but facing resistance and then support. Entry levels and targets are mentioned in Chart. Scenario 4 A gap down opening but from bottom great support. Entry levels and targets are mentioned in Chart. Scenario 5 A good gap up opening but facing resistance and then support. Entry levels and targets are mentioned in Chart. Key points to remember. : Wait for a 15min candle close on the mentioned level to take a trade. If you already took positional trade for short or long term then as per Fibonacci next target to watch is 615/616. All the best for trading in next week. Comment below if my Ideas are helping you to understand the levels. Also comment your suggestion or doubts.
NSE:WIPRO
by Trading_hawk