SHORT WIPROI hope you can now see how WIPRO represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Wipro
WIPRO SHORTI hope you can now see how the Wipro represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
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.
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
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.)