Buy Wipro At Cmp 435.55 Strict SL - 422 Target - 452/465
Best Opportunity For Swing Traders💕 Level Mentioned On Chart. After Consolidation Stock Is Ready For Go Follow For More Updates @prasanna09 📌Key Highlights: 🔺BO On Weekly Time Frame 🔺Pole And Flag 🔺Vol. BO 🔺Anual Results
Wipro has broken out and has retraced to the previous resistance level. This level is acting as support and has been respected for the last two trading sessions. if this continues, we will see Wipro reaching 460+ in the near future. If the resitance of 465 as well is broken, Wipro can see 500 very soon.
Wipro is sustaining above 200ema and it has formed not one but two trend reversal patterns called INVERSE HEAD N SHOULDER , the other one called CUP N HANDLE. Both of these pattern are trend reversal price action pattern. Targets mentioned on charts. Trade at your own risk. Trade safe.
Wipro has given breakout in daily chart and retest done . It might go up .
The only few sectors which are going to stay unaffected or say least affected from this Covid Lockdown will be IT, PHARMA & FMCG If missed the first rally then opportunity to long in Wipro If sustains at this retracement zone View negated if closed below 420 with volumes on 30 mins TF
Wipro Channel Breakout Target- 520/550 SL- 415
wipro looking very bulish
Wipro forming a fallen flag pattern, breaking this give a trend reversal to Wipro.
If Wipro can close above the channel , we can see target of 460 - 470 so NSE:WIPRO on, if results are good then target will be on cards very fast. screenshot provided is on 1D graph. NSE:WIPRO
(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Channel Pattern (With Good Consolidation). INTRADAY = Entry :- 428.8 - 430 | Stop Loss :- What Suits You | Target's :- What Suits You SWING = Entry :- 430 | Stop Loss :- 423.5/422.3 | Target's :- 442 ...
Stock has been trading in a channel since January, keep an eye in April 1st week. Move on either side of channel can give a good profit, wait for at least hourly candle close above/below the channel For intraday, 15 minute candle close can be considered. P.S. IT companies yearly/Q4 Results will start coming in soon, one way move can be expected around that time
Wipro seems to have completed a W-X-Y correction at its recent lows. Note that X wave is a triangle which is clearly evident. The subsequent upmove can be charted out as an 1-2 with waves 3-4-5 still awaited A lot of the India IT stocks are headed up - see recent posts on Mindtree/TCS
We shared about Wipro on 23rd march when it was trading in tight range near 200 ma. Our suggestion for shorting Wipro was based on bearish price action pattern.
Anticipating a breakout from a Symmetrical Triangle Pattern while it moves along the Parallel Channel.