Wipro heading towards 320Wipro has corrected 50% from its all time high
And now it has also broken important support zone it is heading towards 320 to 300 support zone
Wipro
WiproWIPRO (Monthly)
Retesting its breakout level
Longterm View Bullish Intact
Buying Range Started : 300-380
Reversal is expected now in Wipro soon
Accumulate now!!!!!
IT INDEX looking for 2XAs predicted last time for IT index to sell at 33850, which was followed by 20% correction in the Index and saved capital there.
Now looking at the market scenario, IT stocks looking one of the best bets in the Indian sector
1) Golden pocket zone of 2020 bull run
2) Bounced from the long awaited channel trendline
3) Taking support at previous support zone of 25-26k
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Cnx IT and it stocks with index analysis for 11 october markets I daily make educational content videos for financial markets
WIPRO Available @ major support zone - Breakout of Double BottomThis can be a great position to add for investment as well with very low risk. IT stocks have already faced big downside and in longer term, the downside is limited but upside is huge.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
WIPRO GOES LONGWIPRO could go long from this price range. Downside risk is very low while upside potential is very high. CMP is at 200 day MA and crucial Fib Retracement level. For 1-2 months timeframe, we could expect a ₹20 - ₹30 on the upside. If CMP goes below ₹380, exit positions and wait till ₹350.00 to make new entries.
For those who can hold for 6 months to 1 year time, take long and you'll see 30% - 40% returns easily.
WiproAll the IT stocks are trading at discounted prices good time to enter, stop-loss, entry, target, mentioned in the chart
Wipro - H & S - At neck lineWipro formed a Head and Shoulder - At neck line now
There is a small H and S within the right shoulder as well
Move Below neckline 390 would give a break out
Could expect target 380/370 as long as 428 holds
WIPRO - DAILY CHART - 26.09.2022 - BAHAVAN CAPITALWIPRO as per Daily chart analysis stock Above 402 then Target is 425.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
WIPRO - POSSIBLE TO REVERSE FROM HERE ?NSE:WIPRO
Wipro trading at fibonocci support .382 and possible to break the trend this time
Buy with stoploss 370
Target - 405, 423, 450
Wipro near a break down (26/09/22).Wipro has been consolidating in a range and is forming a double bottom pattern on the weekly time frame.
The stock has closed below its 200 ema (weekly chart).
The whole IT sector has been in a consolidation phase and is near its recent low.
On the daily time frame, stock has given a negative candle and retested its levels of 400.
Confirmation points.
1. Closed below 200 ema (on weekly time frame)
2. Started trading below 400 level.
3. Head and shoulder pattern on daily time frame.
If the stock closes below 392 level on hourly time frame, a trade can be initiated.
Target :- 386.5, 374
Wait for the stock to close below the levels. A price action is must to enter the trade.
Wipro: Complete Head And Shoulder pattern Wipro: complete Head and Shoulder pattern
Only for aducation parpose
Wipro AnalysisWipro:
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Volume not supporting the upside price movement.
Wait for either side breakout for good RR.
Wipro Bottom and Triangle Wipro is one of the large cap IT stocks that has been hammered by the stock market. However, one can see a decent triangle formation and bottom formation going on here. If this formation succeeds, it can be a great accumulation zone for the stock for the medium term. The base of the triangle (marked in the chart) is your stop loss.
WIPRO in Accumulation PhaseKeep this stock in watch list for days to come, can participate if break-out above resistance.
WIPRO 19SEP2022Wipro from past days taking the support of level 400 and jumps back to make a bull run but from the past days it makes the DESCENDING TRIANGLE PATTERN which is a bearish
pattern
SELL
SELLING below the level of 400 can lead it up to 380--350 level on the lower side.
BUY
Buying is gonna be risky from this point but taking support of level 400 can push it to the rejection trendline.
Wipro AnalysisWipro:
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Self-explanatory picture.
If the price breaks days low then there is a problem & it can go further down.
Wipro - Possible Wyckoff accumulation scenarioKey highlights:
⚡️ Consolidating in the weekly demand zone for the last 3 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 15 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 490 zone. If the price manages to push above the range high, expect 490-500 in the coming weeks.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Wyckoff accumulation schematic for WiproWipro has respected perfect Wyckoff accumulation schematic and ready to breakout the accumulation zone. As per time cycle analysis this breakout could be very strong. Get ready.
Buy WiproGood Weekly closing
Heavily beaten stock
divergence seen in chart
Good R:R
Very Good fundamental stock
Wipro 1 year Target aprox 2XWipro 1 year Target aprox 2X
Good opportunity to buy
Target 1 780
Target 2 1020
STOPLOSS 380
Wipro swing trading If the 20 SMAs cross the 50 SMAs on the downside, it's a good opportunity to buy Wipro, but don't forget to check the RSI. If the RSI is higher, wait or invest a small amount for tracking.
