WIPRO on Downward Fall Expecting Levels of 171 159 140 125 (SL above 205) Below Pyschological 0.5 Fibonacci Level More Fall towards 159-140 LT Investors advised to accumulate stock near 109-115 Levels
WIPRO MADE INVERTED HAMMER PATTERN ON 30MIN CHART AND TRADING LEVELS MENTION ON CHARTS
Wipro Cmp 187.85 Chart is self explanatory. Alternatively one may consider the following strategy Sell Wipro 30 April expiry Put option Strike Price : 180 Price range : 6-7.5 Lot size : 3200 Target : 1.6 / 0 Stop loss : if Wipro closes below 178 in cash market Safe trading...!!!
maybe a buying opportunity after 2 days for safer side
stay short as long as it sustains below 187 once it cross 187 then go LONG plan position size as per your own risk appetite
Buy WIPRO above 187 T1: 195 T2: 210 T3: 220 SL: 177
Both have similar structure and rejected off HTF resistance. Break of Pinbars with volume would resume bearish continuation.
There is a flag pattern formation in the WIPRO weekly chart and it is retesting the 200 EMA line .. lets look for the further movement and possible opportunity for the long position Will post another linked article if required conditions met ... DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Alternate view on the WIPRO long position ... might look like the pattern is already broken and it has been retested Can get a trade opportunity based on next week candle DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Possible long position opportunity with the targets provided as in chart DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
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. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 8-15 times.
The advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render...