Wipro
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.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Time for some retractmentSell at the breakout with green line marked as targets.
Do share your opinion in comments section.
Rectangle pattern ReversalPrices have formed Rectangle Pattern and traded below it decisively. One can trade the reversal pattern by initiating the short trade for the target of 322.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Wipro - Coming out of rangeWipro broke out of a range and now falling.
Sell 317 Stoploss 325 Target 303 (Positional)
wipro | strong resistance | breakout | Day
we can see Wipro is getting the rejection at the resistance level.
it will break out, do have a watch on it...
wipro positional viewthe stock is no ones favourite now , been India ' s biggest wealth maker , now set for something huge huge enough to surprise !!!
NIFTY IT (CNXIT) trendline on historical chartIt has been observed on NIFTY IT CNXIT weekly chart that a rising trend line has been acting as good support and resistance on several occasions.
PS: Request you to use this trend line setup as a supplement to your analysis before taking any position.
Thanks,
tRex
Jurassic Park
Wipro - Weaker of the whole Tech packWe can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks.
Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst.
Stock may retest the trend line again but will it survive this correction? Only time will tell...
TECHM october series importanr levels I see some sort of correction in it sector to balance the one way rally ... but the correction will again get over soon looking at the earning season into picture as well as the usd inr depriciation will generate better revenue story for these stocks like tcs infy etc
WIPRO - Flag formation - 120minWIPRO
Flag Formation in wipro 120 mins chart. If BO with huge volume, we can see 400 levels.
Immediate resistance: 338
Support :320,318
Wipro Candlestick Pattern - Sell @322Wipro Sell @322 as per volume and candle pattern.
Stoploss is 323.2
Target is 1.5+
