Wipro
WIPRO - heading towards 615 and then 730NSE:WIPRO
cmp 543
WIPRO gave a breakout on weekly chart at 450-460 zone in Dec 2023
made high of 529 and made a small pull back in Jan-Feb
then yesterday broke out above 529 and now heading towards 1st tgt of 615
expecting a pull back at 615 region and then will move on towards 730
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Wipro Long Term Breakout Explained#wipro lately has been giving wild moves and many people including myself are wondering why. I may not know the exact fundamental reason for the move in wipro but as a technical analyst i can share my POV on Wipro technically.
1. Wipro has given a major breakout in the weekly timeframe.
2. After a prolonged period of consolidation in the likes of more than 1 year, 528 days to be exact wipro has broken out of a range and is right now in the middle of a rally.
3. The next possible resistance for wipro is 600.
Happy Trading,
Yamini Prabu
NISM, NSE Certified TA,
Independent Trader/Trainer
15 Jan ’24 — BankNifty stance change from neutral to bullish 🐂BankNifty Analysis - Stance Bullish ⬆️
BankNifty also gets a stance upgrade from neutral to bullish today. After we crossed the 47539 resistance, its level as support never got tested. Today’s gap-up was not so visible for the banks - but the price action was more healthy.
4mts chart
The stance change came only in the last 15 minutes or so when BankNifty started to shift the gears. 48250 was a level I was watching for. Even though we did not breach it today, the momentum banknifty showed in the last 1 hour was more than satisfactory to change the stance.
63mts chart
The last candle made all the difference today, that is the secret ingredient for the change of stance. For tomorrow, the first thing BN has to do is take out the 48422 levels and if possible get a new ATH. The quarterly results from the component stocks will have a huge role to play. Look what the results of TCS, INFY, WIPRO, HCLTECH did to the NiftyIT sector - it almost went up 9% in the last 2 sessions.
WIPRO (Strong Breakout Candidate)WIPRO has given a clear breakout on the weekly chart. The stock has a possible upside of 515, 565, and 615. Also, strong volume buildup can be seen from the last 4-5 weeks. The stop loss can be placed at the 427 level (Weekly Closing basis).
#WIPRO.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Swing trade for 6-12 months🚀 Exciting News for #WiproStock 🚀 After 540 days of consolidation, Wipro is set to soar! 📈 Reverse from the 0.61 Fibonacci zone, breakout of the supply zone, and breaking the 0.5 Fibonacci level. 🌐 This looks like a promising setup for a 6-12 month swing trade with a solid risk-reward ratio. 🎯 Don't miss out on this potential winner! 💹 #StockMarket #TradingOpportunity #SwingTrade #Wipro #Investing 📊
🚨 Disclaimer: Trading involves risk, and past performance is not indicative of future results. This information is for educational and informational purposes only. Make informed decisions and consult with a financial advisor before making any investment. #InvestResponsibly 🚨
WIPRO - getting ready for the upmove, but i will wait & watchNSE:WIPRO
cmp is 462
getting ready for the upmove, but i will wait & watch
i expect one more dip towards 400 and then the upmove should start
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
22nd Dec ’23 - Nifty’s levels today are skewed by NiftyIT 🚀🚀🚀Nifty Analysis
Recap from yesterday: “I am inclined to change my stance to neutral with the developments of today. Giving the bears one more opportunity to prove their mettle, hence going with the bearish stance for tomorrow as well. All they have to do is keep Nifty50 below 21200 in the opening 2hrs for the momentum to kick in”
4mts chart link - click here
Nifty’s price action was deceptive today, mainly because of the outperformance by NiftyIT(+2.27%). The real action today happened in BankNifty (-0.73%). Let me try to elaborate. Between 13.59 and 15.03 NiftyIT rallied 799pts ~ 2.29% in a surprising move. This skewed the Nifty50 numbers too. INFY, Wipro, HCL, TCS, and LTIM contributed 44pts out of 94 today.
NiftyIT 4mts chart link - click here
NiftyIT even though it started negative had a total swing range of 1029pts today. I guess NSE has to consider opening up FnO on NiftyIT seriously and set the expiries on Mondays. After all, we have 6 stocks of Nifty50 in BankNifty. Similarly, we have 6 stocks of Nifty50 in NiftyIT.
63mts chart link - click here.
Since Monday is a holiday, it gives us added uncertainty on what to expect on Tuesday. Despite the 94pts gain by Nifty - I still see the price action as negative. I would like to go with a bearish stance for 26th Dec. A gap-up or gap-down possibility cannot be ruled out as we are going for the extended weekend with bad geo-political macros.
WIPRO - Ichimoku BreakoutStock Name - Wipro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 466
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
Wipro - Where it's leading to? Trading #WIPRO #StocksInFocus #TradingView #trading #Marketuniverse
As we expected Wipro had given good rally from it's Bottom support., it may be starting to its second stop 530 Levels soon. Immediate support changed to 444-433 Levels.
Investors still can buy for Long time.
Long Wipro - Target 830Wipro after fall from 734 to 400 level has taken support near the 61 percentile of fibonacci retracement and is consolidating.
This is long term view based on predictive trend chart.
Long for a target of 830 once it closes above 420 on monthly basis
Very small stop loss will be 380 on monthly closing basis.
Nifty ITOverview of Nifty IT index.
Nifty IT index trading at 52-Weeks high.
The Nifty IT Index tracks the performance of 10 Indian IT companies listed on the National Stock Exchange (NSE). It calculates values using the free float market capitalization method, starting with a base date of Jan 1, 1996, set at 1000. This indexing measures the total free float market value of the stocks relative to a specific base market capitalization value. Notably, the base value of the index was adjusted from 1000 to 100 on May 28, 2004.
Top 5 constituents by weightage
1. Infy - 26.77%
2. TCS - 24.9%
3. HCL Tech - 9.89%
4. Tech Mahindra - 8.86%
5. Wipro - 8.24%
View -
The ongoing surge in the Nifty IT index is expected to persist, driven primarily by major
players in the large-cap IT segment such as TCS, INFY, WIPRO, HCL TECH, and TECH
MAHINDRA. The favorable performance of NASDAQ, currently at its 52-week high, is likely to
have a positive impact on the broader IT sector.
Stock specific view ( Educational & Learning Purpose)
1. Infy heading towards 1620 level.
2. Wipro heading towards 480 level.
3. TCS heading towards 3850 & 4000 level.
4. TechM is on verge of breakout & will move towards 1500 level.
5. HCL tech is at all time high.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.