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Wipro

WIPRO LONG TERM INVESTING OPPORTUNITYBullish on Wipro for the long term coz: 1. Rounding Bottom Pattern in Weekly TF. 2. Crossing 200 dema 3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on 4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline **BUY @ 417 **SL @ 395.75 **TGT 1 @ 610 **TGT2 @ 720 **Holding Period is approx 1 yr **RR:13 **Growth Potential 72% ** Note: In rounding bottom pattern, speedy growth happens in the later phase, do not exit early. You can trail your SL but not very tightly as rounding bottom pattern may give deep pullbacks that may through you out of the trade.
NSE:WIPROLong
by jvashisht1
2
Technical Analysis: Wipro's Potential Breakout Hello traders! Today, we'll dive into an exciting technical analysis of Wipro, a prominent IT company and a part of the Nifty 50. I'll walk you through some essential concepts and terms while dissecting the current market situation. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. 📊 Key Details 📈 Wipro has been in a downtrend since October 2021 until March 2023. However, things seem to be changing now. Starting from December 2022, Wipro has formed an inverted head and shoulders pattern, which indicates a potential trend reversal. Today, we see the head and shoulders pattern breaking, but it's too early to confirm the breakout. We need to wait for the market to close, or we can initiate a trade five minutes before the closing bell if the breakout sustains. There is a critical resistance zone for Wipro, ranging from 417 to 413. If Wipro manages to sustain above this level today, it might present a good opportunity for a buy trade. Additionally, analysing the volume chart, we can observe a significant surge in volume over the last three days, adding more weight to the breakout trade setup. 💡 Educational Insights 💡 Before we proceed further, let's briefly explain some important technical terms: 1. Head and Shoulders Pattern : This pattern indicates a trend reversal and consists of three peaks, with the middle peak (the head) being the highest, flanked by two smaller peaks (the shoulders). A breakout above the pattern's neckline signifies a potential upward move. 2. Resistance Zone : It's a price range where a significant number of sellers are present, preventing the price from rising further. 3. Volume Analysis : Volume measures the number of shares or contracts traded during a given period. A surge in volume can validate the strength of a price move. 💬 Like, Comment, and Follow! 💬 If you find this analysis helpful, don't forget to show your support by liking and commenting! I appreciate your observations and feedback, as it keeps me motivated to write consistently. 👉 Follow me on TradingView for more articles and trade setups: in.tradingview.com 👈 🚀 Stay Inspired and Keep Trading! 🚀 Remember, trading can be both thrilling and challenging. Always approach it with discipline and a learning mindset. With the right knowledge and analysis, you can unlock opportunities in the markets! Keep exploring and happy trading! 📊📈🤝
NSE:WIPROLong
by AfnanTAjuddin
Breakout in WIPRO ?Despite a negligible decline in Q1 earnings, Wipro has experienced a strong breakout today. While there has been some profit booking and a minor correction after the significant momentum, it would not be accurate to consider it a false breakout. In fact, there is still significant potential for further growth. After a 50% correction, Wipro is now set for a promising upward move. The IT sector, including companies like TCS, Tech Mahindra, Mindtree, and Infosys, has recently shown strong momentum. This suggests that Wipro might join the rally and experience similar upward movement. Considering the current price range we will not set the target more than 6% at this juncture. As an another strategy we can also wait for the price to give a pull backs to its breakout line and then taking the trade will make this trade less risky. It was just my analysis. Do your own due diligence before investing.
NSE:WIPRO
by BullishLine
Wipro bullish reversal patternWipro on 1H time frame Respected Support ✅ Retest ✅ Pattern on 1H : Bullish Harami completed (2 candles) 0.10 points away from completing bullish pattern 'Three inside up' (3 candles) ENTRY : At CMP Target: 387 - 390 (short term) Disclaimer: I'm not a registered financial advisor. All information found here is for educational purposes only and should not be construed as personal investment advice. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this published idea, expressed or implied herein, are committed at your own risk, financial or otherwise.
NSE:WIPROLong
by Deepak_Dahiya
2
Wipro Smart Buy Wipro In the weekly time frame is on last week's brake flowing wage pattern. this week it was breaking it with the ( High Volume +15.50 ) this is a very positive sign for Entry on the Wipro . . CONDITION ONE - Price will hit 443price after that the next target is 495price is the 2nd Target If the buyers are taking more interest in it Or Wipro's more positive News is also helping to push the price to the Next level AND upcoming next week's price will take a Headly retest 392price level zone after that it will More volume bullish and hit August high. CONDITION TWO - Price will go up for some time and after that, all buyers enter the market after that seller volume is coming and trap all the buyers who already enter the market seller can hit all the buyers stop loss, and push the price down. So, it is a good time to Enter the Wipro But this is up to you what type of trader and Investor you are ACCORDING TO ME - I will take the position you see on the Chart and I also give you my SL and TP
NSE:WIPROLong
by Mohit-Soni
NIFTY IT analysis for coming daysNIFTY IT index is currently in a sideways territory , there is high possibility that the levels of 32k to 33k will act as a decider point for trend in coming days , anything sustaining above 32-33k levels will lead to a bullish rally towards all time highs , if index rejects and sees selling pressure from 32k-33k levels , there can be another big correction coming in the index in coming days with possibility of index also going below 25k levels . Currently it is at wait and watch zone (BIAS IS NEGATIVE)
NSE:CNXITShort
by sniper1290
2
WIPRO End of Fall ??!!Chart patterns insist me to go with above titled opinion REASONS 1. In Monthly timeframe , WIPRO has been trading inside Ascending channel taking support and resistance (shown below) 2. Middle yellow trendline- Resistance turned Support looks favourable for the bounce. 3. Entry(safe) can be made after a good voluminous Breakout out of the white slanting trendline. 4. SL can the low of the Breakout candle. As the stock has fell more than 50% , we can even wait for WEEKLY BREAKOUT and then enter upon retracement. Will update as it moves!!! Let's wait & watch , how it moves!!!! NOTE- Just sharing my view...not a tip nor advice!!!
NSE:WIPRO
by mmjimm
2