Wipro
Wipro looking for more downsideReasons For Trade- 1> Wipro daily and Weekly In downtrend
2.Price closes below daily important support of 253
3.256 is strong resistance of horizontal line and 200 EMA
4.Price about to break channel support
5. Risk Reward 1:2
Intraday Sell below 245 Stoploss 251
Target 235
Positional- Sell at 253 Stoploss 262 Target 230 (or Sell below 245 Stoploss 251)
Wipro Sell Setup for 4-5 daysTREND ANALYSIS
Trade Setup
Selling at CMP or below 256
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
RR= 5-6 times
Wipro Short Term Trend AnalysisTREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Risk Reward 1:4
Indian Market already falling since a month.
"NIFTY OUTLOOK" Sideways Chop / Slightly BullishHaribol !.
Good Day ladies and gentlemen,
Nifty sold as expected in yesterdays forecast and ended up at the level of 10785 which was the support level i had mentioned.
I believe the Mkt should most likely stall at this level and start to retrace back.
I would not be seling today unless it breaks below the prev lows.
If you guys like the outlook then put a like and follow me either here or at my twitter handle @tradingvahni.
Thank You ,Wish you a profitable day ahead.
Wipro - 60Min - More Selling Opportunity in WiproWipro has been in a downward spiral for the last couple of weeks. The stock has formed a pennant formation on the 60min chart with the price approaching the 3rd touch of the pattern which indicates pattern completion. Sellers should observe the zone marked on the chart and look to initiate short positions if we see any pinbar or engulfing candle in this area. Traders should enter only after the close of the reversal candle.
Selling zone - 255 - 257.50
Stoploss - 258.20
Target 1 - 249.65
Target 2 - 245.35
Target 3 - 241.95
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
Wipro crucial zone, Breakout Or Excess?Honestly, I am not sure that its an excess or a breakdown but, volume is normal.
Normal volume indicate that, if price not bounce OR not create a TAIL before the close then its breakdown. Let wait and watch this closey for learn.
Yes traders and investors eye will look for this stock to buy at this area 265-268 is great to buy with stoploss 265 below and target should be above 281 and 291
Wipro | Approaching Range bottom Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)