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Wipro

WIPRO | RR 1:4 | Pre-Breakout===================================================== ⭕ Positional Trading Opportunity ! Daily Chart Alert !!! ⭕ --Buy above = 368 (Breakout) --Stop-loss = 355 --Target's = 400 | 420 --R:R = 1:4 --Pattern's = Triangle Pattern | Flag Pattern #ThankU For Checking Out My Content , I Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Wait For Clear Entry 2) Watch Out For Volume After Pattern Breakout / At Breakout Candle 3) All IT Stock's & IT Index Is In Uptrend , Stock Is Trading Above 200DMA 4) Overall Stock looking Bullish... 📈(Risk Must Be Managed.) 🙄Keep Your Eyes On Index ====================================================== Guys Check Out MY Related Ideas As Well, You Will Found Them Really Useful, GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if you found it useful ! ✍COMMENT Below your view ! ----------Any Suggestions----------
NSE:WIPROLong
by CT143
6
Wipro case: What is your focus - Trading or Risk Management?Wipro CMP 358 On November 05, 2020, this is what we had posted The price was at 347 and we had suggested to go short on 360 Call option at 4.6 In that we had mentioned SL at 365 but be watchful if it crosses level of 353. A close above that would indicate further upside movement possibly towards our SL at 365 Notice how the level of 353 acted as resistance till November 23, 2020. And once it surpassed that level, Wipro eventually made a high of 364. Since then it has taken a pause and is currently trading at 358. Again we see gap resistance at 365 being respected. This teaches us an important lesson that Technical Analysis is not about being right or wrong.... but more about understanding important support and resistance levels, identifying your entry and exit points and planning your trade accordingly. Interestingly we came out from our strategy on November 24, 2020 with decent profits, even though the stock moved in the direction of Stop Loss... (Wipro was trading 10 points above our entry level). This Case will help you understand that rather than focusing on making profits, one can increase his / her chance of being profitable if he / she focuses on managing risk. Remember This is Market and Market is always Supreme. Give yourself scope to be wrong and try to manage worst come situations... and chances are you will see your trades being more profitable. Follow. Do Hit the Like button / or comment below and let me know what you guys think on this subject. Take care & happy learning..!!!
NSE:WIPRO
by indiamarketoutlook
Wipro: Chart set up & viewWipro CMP 347 We observe - Wipro chart has done a gap filling activity - trading above 20 day EMA currently around 338 - 365 important gap resistance level Strategy: Given the chart set up One may Consider selling Wirpo November expiry Call Option Strike Price 360 In the range of 4.6 - 5 (CMP 4.6) Lot size 3200 A 3 day close below 20 day EMA would increase the probability of a fall up to Target 1 The strategy covers risk of rise up to 364.60 on expiry day However I would be cautious if Wipro gives a close above 353 in Equity Market Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:WIPROShort
by indiamarketoutlook