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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...
Wipro has broken on the upside from a symmetrical Triangle. Initiate Long. Target 1: 202 Target 2: 210 Stop Loss: 182
Go short below 211. Keep SL above previous day high of 213 or at 220 to avoid volatility. Aim for T1 atleast.
A Symmetrical triangle pattern breakout has been triggered in WIPRO SHORT WIPRO below 180 - 179 for the target of 168, 152, 135--- with stoploss of 186... *****
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POSITIONAL TRADE IN WIPRO BUY@193 (ABOVE) STOP@190 TARGET-1@198 TARGET-2@203 QTY=4000(CASH) !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
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...
In a monthly chart, Wipro is forming a double bottom chart pattern at 166 levels whereas this level seems to be weak and the probability of breaking this zone and slide further is high. Witnessing of 125 & 114 levels is very high in case price slides below 166.
Wipro gave a nice closing yesterday Doji at support is a valid single for reversal Be on buy side above trendline
Wipro trading in a symmetric triangle Wait for the breakout in any direction for trade
Hi all, Wipro formed Symmetric triangle pattern formed.... For long and short entry mentioned..
BTST IN WIPRO FUT BUY@189.5 STOP@185 TARGET@195 QTY=6400 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
Sell Wipro below 179 if it breaches the strong support line. and Rsi should be below 50 levels. Strong possibility of stock going sideways if there are no volumes.
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...
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. R:R is 5-8 times.
Long term CAGR of Wipro = 8% Typical cycle variation = 100 points over 48-60 weeks Positional Suggestion : Buy/Sell 25 pts away from central trend line. Typical period 75-90 days. NSE:WIPRO