Wipro Positional short with 301.5 as SLWipro
Short level spot b/n 296-297
SL: 301.5
Targets: 282/278
Reason: Twizzer TOP / C wave down expected from 296-297
ADD LONGS FROM 278-282 LEVELS AS THE BUYBACK IS EXPECTED SOON AT 325
Wipro
Wipro is closed out of channel will create sellingWait for create some TAILS for short selling. On the daily chart, safe selling will trigger after trading below prior candle's low.
From the 15min chart, wait for break down level 297.
WIPRO Potential Double Top Short SetupWIPRO has formed a double top and a bearish engulfing followed by an inside bar on daily.
Can go short below the last candle for targets mentioned at neckline of double top and next target at long term support level .
Stop loss above the high of double top .
Wipro Long Opportunity1) Cup and Holder Pattern
2) Moving Averages lined up nicely to the base
3) Nifty IT extremely strong
Wipro - Bullish ModeWipro has finally Managed to cross the 260 Hurdle which it was stuck since past 1 month.
Now other IT cos such as Infy & TCS have also come with good results.
So we can expect the entire IT pack to get a boost.
According to my analysis Wipro should be able to Cross the 300 Mark by 19-04-2019.
SL: 260.
Wipro Buy Breakout TK Zone Breakout along with Hidden Bullish Divergence. Looking at Momentum Curving up. Looks like Huge Upside to come.
MONTHLY || WIPRO TO BREACH 360!!!Wipro might breach 360 on the down side in the month of march and might not move above 390. Hence one can sell wipro on rise or can sell a 400 Call option and hold it till the end. If one is risk averse , he can sell calls that are a tad far away for safety.
Else one can buy a 380 put once there is a bounce in Wipro and hold it till 360 is breached. As time plays a very important role in options , it is wise to sell the option.
If one is long in Wipro, then it would be a good idea to close them on a bounce and wait for a dip to re-enter!
Probability Theory on WIPROHow many Probability In trading?
ans - 3 (Bull, Bear and Side way Markets)
Wipro is on bull run
Stock last swing define as 1 or 2
now next move will be point 3
Trade No 1
If price closed below 371 than Short for target of 367 ,361
or below 361 closing price can trade up to 350 zone
&
Trade No 2
If price rejection near 371 -381
than buy above 382 Closing for target of 388,399 or 405
Sl Random as per your Risk management
NSE: Is Wipro Approaching for Sell after a long rally?NSE: Wipro Approaching for Good Sell after a long rally @ 380 zone
Use stop loss
WIPRO is a positional sellStock is on overbought territory and may correct to near term support at 345.
Sell WIPRO at 373 closing SL above 376.6 Target 352
Sell Wipro for 5th Feb with a strict S.L of 375.6"Only" If NSE:WIPRO opens above 371, sell it with a SL of 375.6 and targets of T1 - 368.5, T2- 365.2 else do not take a trade.
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Time for some retractmentSell at the breakout with green line marked as targets.
Do share your opinion in comments section.
