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Wipro

Triangle Breakout seen in India's 4th largest IT Services StockHello 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 waiting from here, all levels i have given on chart like entry exit and targets. IT sector moment is supporting now a day's. Specially Midcap IT is on fire, i will try to bring some midcap stocks as well, but for now focus on nifty 50 stock. Technically stock is looking good on chart, MACD is also giving bullish crossover. RSI also giving bullish crossover, price is above 200-DEMA. (I have not placed any indicator on chart, but i have done my analysis before to publishing the idea.) Stock is good to go long for short term to long term as well, we all know how wipro helped their investor to make them Billionaires, who invested in early 80's. So the stock is same, still it has charm to give returns like it does earlier, but you have to be patience in it. Market Cap ₹ 2,56,398 Cr. Current Price ₹ 490 High / Low ₹ 546 / 375 Stock P/E 23.2 Book Value ₹ 143 Dividend Yield 0.20 % ROCE 17.2 % ROE 14.5 % Face Value ₹ 2.00 Industry PE 29.7 Debt ₹ 16,465 Cr. EPS ₹ 21.1 Promoter holding 72.9 % Intrinsic Value ₹ 243 Pledged percentage 0.00 % EVEBITDA 13.6 Change in Prom Hold -0.01 % Profit Var 5Yrs 4.17 % Sales growth 5Years 8.75 % Return over 5years 11.6 % Debt to equity 0.22 Net profit ₹ 11,112 Cr. ROE 5Yr 17.3 % Profit growth -2.69 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:WIPROLong
by TraderRahulPal
5
INVESTMENT PICK - WIPRO - TREND REVERSAL LONG ENTRIESSymbol - 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 with good buying volumes & went till 550. Now it is retracing back to breakout zone which is 450. Wipro is a company with good fundamentals so it can be considered for medium to long term investment. Wipro CMP - 452 It can be accumulated at current level for long term Investment perspective. More position can be added at 410 - 415 levels. Stoploss can be 350 or below 350. Targets can be 545, 600 & 720 which represents 21%, 35% & 58% upside from current level respectively. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
NSE:WIPROLong
by akshit_official
4
Bullish Cup and Handle Pattern: Wipro Heading Towards 545Details: 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 continuation pattern. A breakout from the handle could indicate the potential for a significant upward move towards the target of 545. Market Analysis: Technical Pattern: The cup and handle pattern is a bullish formation that typically signals further upside. Breaking out from the handle suggests a resumption of the prior uptrend. Market Sentiment: Positive market sentiment or company-specific catalysts may be supporting the anticipated breakout in WIPRO. Price Target: The target for WIPRO is set at 545, based on the cup and handle pattern breakout. Risk Management: Implementing a stop loss strategy below the breakout level (handle resistance) is crucial to manage risk in case of unexpected price reversals. Timeframe: The projected move towards 545 is based on a short to medium-term outlook, but actual timing may vary based on market conditions. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:WIPROLong
by CyborgTradingHub
1.5 years long bullish Inverted Head & Shoulder Breakout A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:WIPRO The shoulder is exactly at 0.236 fib retracement level. and the target is nearly at 0.50 fib level. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:WIPROLong
by raigvivek
Wipro showing bullish strength.Wipro for the intraday trade is looking bullish and has closed around the resistance zone. The stock after the fall has given a bullish engulfing candle on the daily charts. It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock. If the stock starts trading above 520 levels and sustain above it, a bullish trade can be entered with a target of 525 for intraday. Target levels :- 525, 533 Entry:- Above 520 If there is a gap up opening in the stock and it comes to retest the break out levels. A bullish trade can be entered after confirming the price action. Double break out will be there in the stock. Positional/swing trade can also be created, if the stock closed above the levels on the daily front. Wait for the price action near the levels before entering the market.
NSE:WIPRO
by TheMamboMomentum
WIPRO - heading towards 615 and then 730NSE:WIPRO cmp 543 WIPRO gave a breakout on weekly chart at 450-460 zone in Dec 2023 made high of 529 and made a small pull back in Jan-Feb then yesterday broke out above 529 and now heading towards 1st tgt of 615 expecting a pull back at 615 region and then will move on towards 730 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NSE:WIPROLong
by ajaykalashi
Wipro Long Term Breakout Explained#wipro lately has been giving wild moves and many people including myself are wondering why. I may not know the exact fundamental reason for the move in wipro but as a technical analyst i can share my POV on Wipro technically. 1. Wipro has given a major breakout in the weekly timeframe. 2. After a prolonged period of consolidation in the likes of more than 1 year, 528 days to be exact wipro has broken out of a range and is right now in the middle of a rally. 3. The next possible resistance for wipro is 600. Happy Trading, Yamini Prabu NISM, NSE Certified TA, Independent Trader/Trainer
NSE:WIPROLong
by Yamini_swingtrader
15 Jan ’24 — BankNifty stance change from neutral to bullish 🐂BankNifty Analysis - Stance Bullish ⬆️ BankNifty also gets a stance upgrade from neutral to bullish today. After we crossed the 47539 resistance, its level as support never got tested. Today’s gap-up was not so visible for the banks - but the price action was more healthy. 4mts chart The stance change came only in the last 15 minutes or so when BankNifty started to shift the gears. 48250 was a level I was watching for. Even though we did not breach it today, the momentum banknifty showed in the last 1 hour was more than satisfactory to change the stance. 63mts chart The last candle made all the difference today, that is the secret ingredient for the change of stance. For tomorrow, the first thing BN has to do is take out the 48422 levels and if possible get a new ATH. The quarterly results from the component stocks will have a huge role to play. Look what the results of TCS, INFY, WIPRO, HCLTECH did to the NiftyIT sector - it almost went up 9% in the last 2 sessions.
NSE:BANKNIFTYLong
by viswaram