Wipro
WIPRO: A Bullish Trend"
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 500.49 with RESISTANCE 1 and RESISTANCE 2 at 564.05 and 581.9 respectively. The Key 50% FIBONACCI LEVEL stands at 535.23 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 11.73 and 14.93 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 9.06 and SIGNAL at 12.26 along with HISTOGRAM showing values of -3.21, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.32 and -0.1 with SIGNAL as TREND CHANGED TO BUY. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.5729 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 28.55 which signifies its Price Level to be OK.
>>> RECOMMENDATION is : BUY ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Ascending triangle in WiproNotes:
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.
WIPRO - PRO+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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What Next ?can there be fall from all time high price level ?
yeah possible
RSI - drawn resistance trend line to be watched
consistent volume has given descent support so far
so keep a watch on volume candles
exit short on crossing and closing above
rising Resistance trend line
where to book short ?
or
where to enter for fresh long?
levels for above questions -
541, 530, 515
disclaimer - for study purpose only
WIPRO FOR SWING TRADEWipro 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.
#ENDURANCE CMP1577.90 #Target 2085 #NIITLTD #QUICKHEAL #TCS #IT#ENDURANCE
LONG TERM INVESTMENT
NSE: ENDURANCE
CMP 1577.90
Target 2085
SL 1447
Profit 32%
Can Hold For Long Term
Factors:
ROUNDING BOTTOM PATTERN
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.
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With 💚 from Rachit Sethia
WIPRO view and levels for next two daysNSE:WIPRO
Wipro looks to be in a good value are. Entered the stock since the risk to reward looks good.
Tweezer bottom at a very good confluence of support(trendline+200ema/15min+support at 50% fib retracement). confirmed by good volume buying.
Can be watched for next two days
Last 2 15min candle shows good volume of buying there.
planning to exit the trade on Friday.
Nifty IT also shows a morning star pattern in 15min time frame at 38% retracement.
If opens gap up tomorrow it will be a good sign.
WIPRO - Intraday TradeWipro has been halting at its ATH zone for quite sometime. Today it bounced from the TL mentioned in chart.
Looks good to buy above 547.
On the contrary if breaks TL then can expect a quick fall - Sell below 530 (fall might be very quick so need to book fast before it bounces).
P.S. Volumes have been decreasing in the stock, keep an eye on the same while trading
Disinvestment Wipro/Retailer vs BiggiesTREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
**Retailers Vs Institutional Trading.**
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 8-10 times.
Regards @MohitArora