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Wipro

MyAlgo : xMRSI-Progresser: Intraday : 26Sep-WIPRO-ShortBased on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 26-Sep-2018 for WIPRO Sell Below(5Min candle close): 327.5 for targets - T1: 325 T2: 323.6 T3: 322 SL: 330.1 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:WIPROShort
by MuthiahM
INTRADAY TRADE - 14/09/2018- "WIPRO" ACTION TO BE TAKEN: 1. Firstly load your chart in the time frame of 1 hour 2. Mark the "HIGH" and "LOW" for the first 1 hour session 3. In this scrip, the strategy is to "SHORT" MOST IMPORTANT PART OF TRADING: We will enter the "SHORT" trade ONLY IF, the low of the FIRST HOUR candle is broken TARGET: "TRAILING THE SL or BOOK AS PER YOUR STRATEGY" STOP LOSS: At the inception of trade, SL will be the "HIGH" of the FIRST HOUR CANDLE which you can TRAIL as the session progress PS: "Idea published is in relation only for the trade to be taken on 14/09/2018" If the position remains in your favour and you have good margin carry forward the position to get that extra edge of the profit "BE PATIENT" and "BOOK HUGE PROFITS" For more such INTRADAY trades and POSITIONAL trades "STAY CONNECTED" and if you are the idea stands profitable, do me a small favor by posting the image of your profits Thanks, Siddharth
NSE:WIPROShort
by Siddharth2410
Nifty IT Medium term viewWe are looking at a 8 year Nifty IT chart Lets see what the chart is trying to tell us... - Between 2009 to 2015 the price has risen from 1933 levels to 12908 levels - Since Jan 2009 till March 2015 the index has been making higher top higher bottom - It is only after March 2015 that the index is seen making lower top lower bottom on a regular basis Hence applying Fibonacci retracement level on the entire Bull cycle seen in NIFTY IT since Jan 2009 to March 2015 (roughly 75 months) - It is further observed that since 2015 Price is trading in a Downtrend channel - Blue trend line drawn from 2009 lows looks likely to be the Laxman Rekha (Make or Break line) 2 likely scenarios have been charted out... Eventual target for NIFTY IT-8750-8600 zone which is 38.2% retracement level of the entire rise from 1933 levels to 12908 levels - Time wise 38.2% of 75 months is 29 months giving us time till Sept 2017 - Channel support around Sept-Oct 2017 comes at 8750 levels Things that one should consider before initiating a trade - this is a medium term 6 months view - Wait for the levels to come - allow price behavior around key levels discussed in the chart to give further confirmation - Understand the Risk involved & Reward potential - Plan your trade accordingly ____________________________________________________________________________ "Be sure you put your feet in the right place, then stand firm." - Abraham Lincoln ____________________________________________________________________________ Take care and safe trading...!!!
NSE:CNXITShort
by indiamarketoutlook
Nifty ITIT industry has been in a bearish tone forming lower high - lower low since Q2-2015. The industry is under pressure with margins and visas followed by blow of Rupee appreciation. For short term, 9,880-9,900 stands to be crucial support. The reverse Bullish AB=CD around 9,900 at rising trend line indicates reversal on cards. As per time analysis, the previous rise and fall took 55 trading days and if go by "history repeats itself", the reversal can take place on 25th April (+/- 2 trading days). RSI is back in an oversold territory. TCS will be releasing results today which has weight age of ~45% in IT index will be important to watch. The above view on IT index will negate on a close below 9,800.
NSE:CNXITLong
by bbrijesh
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