Wipro
time to take your bets on nasdaq NASDAQ:NDX
my first target is 12800
fourth down move completed on daily need confirmation on weekly time frame rsi bullish on daily so i will be buying any pullback on nasdaq
the whole down move was a correction if this level holds (retracement ) level marked on the chart and if all pieces of puzzles are put correctly 20000 on nasdaq is not very difficult only condition the level of the 10440 should not break
WIPRO ShortWipro is continuously in downfall and holding the support of level 385.
Now, it created a pattern of " head and shoulder " we may see a good fall if it closes below the bottom of the previous low of the pattern.
The share faced rejection of 50DMA and closed below it again.
Fib Retracement - Putting the Fib from the Corona time low we came to know the level of 0.618 is at 383 and that's where Wipro had taken supports if that breaks we can shorts position.
Wipro Ltd. Sector: Computers - Software: Buy SWING TRADEWipro Ltd. : CMP 400
ABOUT THE COMPANY
Wipro Ltd is a leading India based provider of IT Services, including Business Process Outsourcing (BPO) services, globally. Further, Wipro has other businesses such as IT Products, Consumer Care and Lighting and Infrastructure engineering.
Analysis:
Wait for support level as per analysis, dip to buy best option for long term, Target 2 after breck out target 1 resistance. For Dip analysis and Learn Follow Us.
BUY: 371
TARFET: 422-472
Comment and Follow to free learn chart as well technical analysis
Wipro breaks out !After a few bearish days, many stocks broke out fro. found bases wipro breaks out of a superb triangle pattern and looks promising
to go upwards.
it is at its bottom and very good chance for a long term trade or even investment based purely on technical analysis
stop loss below the triangles support
and target1:3!!
Keep It Simple
Wipro giving a trendline break out.The stock has been following a trend line from August 22 and finally there is a break out of the trend line.
Wipro on the daily time frame has closed at 398 level above the 20 EMA.
IT sector might give a nice up move as the sector has been under performing.
The stock and IT index has gained over 2% on the daily time frame.
3 points confirmation.
1. Trend line break out and closing above it.
2. Closing above 20 ema.
3. High Volume break out of the trendline.
Watch the index too for carrying the position as the IT index is near a resistance. If the index crosses and closes above the resistance, the stock can give a nice upside move.
Targets :- 404, 415
Stop loss :- 395 (daily 20 EMA)
Wait for the stock to cross the round level of 400. Intraday and swing trades can be carried in the stock.
SWING TRADE -WIPRO - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:WIPRO
If tomorrow price action form with green candle above trendline then day after tomorrow buy at top of the previous day & stoploss below trendline.
Risk : Reward - 1:2
ENTRY - 400.00
TARGET 1 - 415.00
TARGET 2 - 425.00
STOP LOSS - 388.00
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
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