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Wipro

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
TECH Mahindra gets Bowled!As published earlier with little bit information about TECHM, i am feeling very bearish on this stock of upto levels of 465, and beyond that is a bonus one can dream of. A complete beautiful inverse bear pennant. it will follow the yellow line towards the last white line. if not will consolidate but not break the red line (Unless with volume) which is unlikely impossible! Short below 500 and see wonders. ALSO if it breaks green line, it cant break orange line. Have peaceful profits!
NSE:TECHMShort
by UnknownUnicorn4419591