Hello investors,
My simple and powerful double bottom pattern formed in WIPRO.
I have explained everything in chart.
Need your comments.
Thanks,
Indian OX
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although...
10-Apr 2:48 PM
#Wipro Spot #Shortterm
Buy at CMP- 372.8
Stop loss - 367
Target- As par strategy indicates
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#NSE #stockstowatch #stockstobuy #swingtrading
✅ Price break Strong Multiple time tested level.
✅ Price now going to up for 374-378 Level. This level Also act as a Continuation for his down trend.
✅ Better look for proper Reversal on this level.
✅ We can big downtrend also on Weekly base.
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
After the high of 739.85 the stock corrected almost 50% with strong support at levels around 370-375.
Double bottom formation with stock price closing near the 40 weekly moving average.
The price crossing the 40 weekly moving average with good volume would be a positive sign.
Important levels to watch: 416 which is the neckline with initial targets of 427 and...
WIPRO , the IT giant has consolidated heavily for a long time and has formed a good bottom kind of structure , with weekly candlle showing good buying pressure from lower areas and also sustaining above support of 390 levels , this is looking good for an upmove towards 420-425 levels , with SL of just 2.5% and targets of almost 9% risk to reward ratio is highly...
NSE:WIPRO is fundamentally sound script. As of now there are no reversal signs in chart patterns but investors can consider this 385 range as a buying opportunity. I Expect target levels of 425 in upcoming quarter.
Wipro is consolidating over a couple of months and have slowly build RSI divergence on Weekly basis. expecting something good on short and great in long
410 Price rage to watch
This study is to show the importance of a simple Triple confirmation Strategy in WIPRO that has generated a good return in the past and currently shows the same confirmation.
1. 200 Weekly Moving average – the stock must have tested the 200 Weekly Moving Average.
2. Rate of Change must be above 1
3. RSI must be at or above 50 or marginally lower.
In the Past:
...
channel is formed and hammer candel is formed at support. can take long from here
follow proper sl and dont expect a rally. keep target till resistance
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Trendline .
✅ Strong bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 445.
✅Can Go long in this stock by placing a stop loss below 400.
✅ breakout this can give risk:reward upto 15%+
