Wipro
POSITIONAL TRADE IN WIPRO !!(DEC FUT)!!POSITIONAL TRADE IN WIPRO !!(DEC FUT)!!
VIEW
-WEEKLY ANALYSIS
-STRONG TRENDLINE AND PRICE LEVEL SUPPORT
NOTE
-ITS A CONTRA TRADE BUILDING POSITIONAL LONGS
-PLEASE TRADE ACCORDING TO RISK MANAGEMENT
TRADE VIEW 3-4 WEEKS
DEC FUT
BUY@238
STOP@234
TARGET 1@248
TARGET 2@256
LOT:3200
LOT:2
A potential LONG entry on WIPROWIPRO has been in a downtrend for quite some time now (5 months plus) and there is monthly support on the charts. The price has retraced to 0.618 Fib which is acting as support as of now.
This can be a potential reversal zone for WIPRO.
Current Market Price (CMP)- 237.05.
Confirmation only when WIPRO trades @ 242.2
Stop Loss (SL)- 231
Will Post a view again when WIPRO makes a move.
Wipro Intraday Short Entry with Multi TF AssemblageNSE:WIPRO Weekly price at a good resistance zone with shrinking green candles giving a slight negative bias of a quick short. Daily is in an uptrend after the recent TL break. To confirm a trend change, the new TL needs to be broken in daily which has not yet happened. However, we look for an aggressive entry based on the 15 min TF based on the following:
1. EMA crossover
2. Big red candle rejection of the pivot and 50 EMA.
3. Break of 15min support.
Once TL is broken in Daily, we can add on to the trade as it gives a clear bearish confirmation.
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.