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Wipro

weekly overview on WIPRO:At every peak the stock has made a new high. May be this will take months to form peak 5. After fall the stock move up rapidly to its peak and near the peak there is price rotation. The formation of new peak is becoming narrow. Making a higher high and higher low. An uptrend is created by higher swing highs and higher swing lows. Pullbacks create the higher lows. Therefore, a reversal of the uptrend doesn't occur until the price makes a lower low on the time frame the trader is watching.
NSE:WIPRO
by Trade-Technique
34
RIGHT SHOULDER LOOKS INEVITABLE ......!THIS ANALYSIS OF WIPRO IF FOR NEXT 3-4 TRADING SESSIONS. WIPRO IS FORMING HEAD AND SHOULDER PATTERN ON 2 HR ,4 HR TIME FRAME. WE HAVE FOUR DAYS OF LEFT SHOULDER FOLLOWED BY HEAD AND NOW FORMING A RIGHT SHOULDER . WE HAVE A NECKLINE AROUND 218 LEVELS AND PRICE MAY TOUCH THAT LEVEL AGAIN BEFORE COMING TO LOWER LEVELS. ie 212 AGAIN.OR IT MAY FALL STRAIGHT. WIPRO HAS RESISTANCE NEAR 221-225 LEVELS SHORT WIPRO AT 212.5 AND BELOW FOR THE TARGETS OF 205-204. DO SHARE IF YOU FIND THIS USEFUL.DO COMMENT AND SHARE YOUR OPINIONS
NSE:WIPROShort
by PINANK_SHAH
8
Wipro on bullish mode for long entry.Clearly, We have seen the daily chart of Wipro is in bullish mode & trading the above 50 EMA. Also on other TFs the stock is yet to complete the 50 EMA. Nevertheless stock has shown good momentum & can be taken for long entry above 215. The Target zone is set as indicated around 235. So add the stock in your watch list to check the levels. Once the level of 237 breach & sustain the level , the target is 250. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas. (In market, everything works sometimes and nothing works always.)
NSE:WIPROLong
by Tech_stock_trader
Correct time to snap up the WIPRO.The stock has already formed the DOUBLE TOP pattern. A double top has an 'M' shape and indicates a bearish reversal in trend. Now forming Symmetrical triangle, the value is going lower but it has strong support point to be noted and the volume is not increasing so price will take some time to go for the target that is 187 nearby. (Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.) Buy in pull back that is 181-178. Maintain stop-loss.
NSE:WIPRO
by reshmi_chauhan1
35