WIPRO can give breakout from 1hr time frame SM triangleWIPRO can give breakout from 1hr time frame SM triangle
Wipro
Wipro Long#Wipro #Bullish #Reteststructure #buy #deeppocket #long
Wipro Buy @350.70
SL 342.40
Tgt 363-375
Intraday / Swing Setup: Looks good for 360/380Intraday / Swing Setup: Looks good for 360/380. Enter between 348-349 with SL of 344 for Intraday and 341 for Swing. Wait for confirmation on 15 mins chart.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 03/11/2020 INTRADAYRELIANCE KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 03/11/2020
TRADE WITH STRICT STOP-LOSS AND FOLLOW RISK MANAGEMENT
NIFTY KEY LEVELS SUPPORT AND RESISTANCE INTRADAY 03/11/2020 STOCK KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 03/11/2020
TRADE WITH STRICT STOPLOSS AND FOLLOW RISK MANAGEMENT
BANKNIFTY KEY LEVELS SUPPORT AND RESISTANCE 03/11/2020 INTRADAYSTOCK KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 03/11/2020
TRADE WITH STRICT STOPLOSS AND FOLLOW RISK MANAGEMENT
WIPRO REVRSAL , POSITIONAL TRADE.Wipro looks good for a positional trade, or option selling trade. Reasons are :
1. Bullish engulfing reversal at day frame.
2. double bottom reversal at 1 hour frame.
3. Reversal from 0.618% retracement zone.
4. The IT sector as a whole is in a bullish trend.
The stock has a good potential of around 9-10% in maximum 1 month.
But still, even after all these positive signs , remember that the trade can fail!
BUY- Risky players can enter at 339-340 zone. safe player enter only if it breaks 345.1
SL-331
TARGETS-356-363-369-373-379-OPEN
R:R-1:2.5
Also i have a Bullish bias on the market , the charts say so. Nifty will be above its all time highs by before 2021.
NIFTY KEY LEVELS SUPPORT AND RESISTANCE INTRADAY 02/11/2020 NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 02/11/2020
TRADE WITH STRICT STOPLOSS AND FOLLOW RISK MANAGEMENT
#WIPRO Wipro seems to be bullish only if holds above 347, else we might find a good selling opportunity arround 344 for 326.
Regards
WIPRO - Breakout (Bearish Pennant Continuation Pattern) As per the price action on hourly chart, it is observed that the price action consolidated after a sharp correction to the previous gap up levels. Now price action formed a pennant triangle pattern, indicating continuation of prior strong bearish move. The price action may further fall down to 325-330 levels.
It is a low risk, high reward trade setup.
T1- 335 T2- 325 SL- 348
Inverted Cup and handle - Wipro. Ready for a downward break?Chart says it all. Forming an inverted cup and handle(Bearish). I expect it to breakdown in few days.
Intraday / Swing Setup: Looks good for 360/380Intraday / Swing Setup: Looks good for 360/380. Enter between 348-349 with SL of 344 for Intraday and 341 for Swing. Wait for confirmation on 15 mins chart.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
WIPRO : BUY CANDIDATEBUY CANDIDATE FROM THE CURRENT LEVEL , SHOULD BREAK THE DOT COM BUBBLE LEVEL (REDLINE) ! STOP LOSS SHOULD BE THE LEVEL OF 324 STRICTLY !
Wipro gapfill completeI had posted a gapfill idea a couple of days ago. That seems to have completed. ~2 points miss which I think is decent fill. Now the stock is ready to move upwards again. Catalysis for the move? The buyback at 400. Positive for Wipro.
Buy here at 345. Target at 352. Stop loss at 340.
Wipro Downside Patternif Breaks 333.00 can see more further downside , RSI day has turned to reverse trend can you see a major fall if possible in next 4 days.
Wipro to fill the gap soon? RSI shows overbought zone. It is going to cover the gap soon. Good opportunity to short.
I'd recommend trading with PUT calls though. NSE:WIPRO
