So last week Wipro was trading around its resistance zone it tried to push up and break that resistance but the sellers were not ready and thus they moved the price all the way down from 424 to 406 making it back into the zone, the stock price closed at 398.75 on friday , now its expected to move to the support level of 380. Good luck
NSE:WIPRO has ended with an inside candle today and if it breaks 400 levels on downside then 395 can be seen soon.
BUY - WIPRO LTD CMP - Rs. 399 Target - 1: Rs. 475 Target - 2: Rs. 550 Target - 3: Rs. 615 . . Technicals - Breakout out of a falling channel . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
NSE:WIPRO is looking good at this point and ready to 425 and above levels.
After a long consolidation and downtrend, Wipro started forming HH and HL, It's value buy between 400-415. Also it has given trendline breakout on weekly chart with good buying volume. Expecting targets 500 soon.
WIPRO Daily looking bullish. It has trendline breakout /inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 415 for target of 477 with sl below 392
Buy Wipro @384 with Target of @425 it will give good move at up side very soon. You can put Stoploss @376
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...
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...
Wipro 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...
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...
Target : 3000 Long on reliance industries for medium term gains. Stocks can be bought for this price. 2800 first target.
Looking at similar pattern in 2001 , It is repeating now in 2023. So this can take a while to hit the ATH , so its really tough time for investor for who bought at high price. but as the inflation is high and considering the % of Breakout the consolidation range can be shorten then the previous pattern. So in upcoming days if the trend line is broken it can go up...
Nifty IT cmp 29355 breakout above 29400 sustaining Target 30800/31300++++ Stocks to Keep On Radar Coforge Infosys Persistent Wipro HCL Tech Tech Mahindra LTTS LTI
Wipro has clean 5 wave rise we can expect minimum 422-448 in next leg up risk reward is very good for this trade.
NIFTY 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...
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...