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...
Potential 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...
Coforge LTTS HCL Technologies Mindtree Infosys Mphasis Larsen&toubro infotech LTI Tata Consultancy Services Tech Mahindra Wipro NSE:CNXIT
Buying wipro Future and holding with trailing SL until T3
Breakout in Falling Wedge in Wipro on Daily time frame with increase in volume Trade after complete retest and confirmation
cmp 399 Trend Line Breakout at 391 Target1 412 Target2 424 SL 386
NSE:WIPRO is facing some resistance at its current levels. If it crosses it then 420 can be seen easily. It has bottomed out so made a small position in it.
Wipro Fromed bullish RSI divergence on the weekly Chart. also, It reversed from the 61.8 % retracement level of the Fibonacci retracement of a previous bullish trend. one can go long on Wipro with the stop-loss of levels marked with an arrow because it acts as a pivot point in the near term. it might Give a good move when RSI Crosses the 50 level on the weekly...
This is is a very good time to invest in Wipro. RSI(14) is near crucial support and also near to fib golden ratio.
Heavy Convergence observed in Wipro additionally It's taking support from Fib level 0.618 and we can see a kind of cup and handle pattern in 2 hour candle too many bullish signals. Taking a long position and holding for sometime
Wipro formed Inverted Head & Shoulder Pattern in Weekly time frame. Below 376 goes fall, Above 452 trend reversal possible.
Hi all, hope you guys are doing well. Over the last 2 months, we have seen a great rally in the majority of the indices, except one - The IT index. Read this post to find out why I think IT is going to pump soon! 1. The IT index has been strongly underperforming the benchmark as well as all other sectoral indices for the last few months. I have taken the June...
Buy with target of 150 175 200 Very strong fundamental and very good results also
This is not an investment advice, only for academic purpose, apply proper risk management After a disappointing result, Wipro spooked 10% on thursday and friday. At present, Monthly TF - Last month was TD 9, chikou span will face resistance from candlestick at the region of 340-320 Weekly TF - This week was TD8, next week is likely to be TD9, unless a close above...
Wipro has completed its wave 4 on monthly time frame, whereas some other IT stocks haven't. •This is a good opportunity for investment as well as swing trading. •Within 1 year it can give you good returns
Wipro 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 (Monthly) Retesting its breakout level Longterm View Bullish Intact Buying Range Started : 300-380 Reversal is expected now in Wipro soon Accumulate now!!!!!