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Wipro

Why Wipro is best bet for long term I have shared Wipro weekly chart and marked Elliot waves considering wave 1 to start after corona crash. If you can see the 5 waves got completed in month of Oct, 2021 where high is 739.85. As per standard Elliot wave principle a correction after wave 5 should get completed in or around where wave 3 and wave 4 is terminated. This is standard as per book definition of a pull back or a healthy correction. So as you can see in the chart shared we are trading in the zone where wave 3 and wave 4 got terminated in last cycle. I have also drawn a blue colour trend-line which is holding the downside for wipro so far. Looks like soon it will start trading above this trend line and thats the sign of reversal. Another sign of possible up-move from here is RSI. RSI already shown a positive or bullish divergence and now the price should start moving upside. Keep an eye on the stock, so far so good all the Elliot wave principle and RSI is good enough reason to start accumulating this stock in the long term portfolio. In any case keep the strict SL of 390 on closing basis because if we get any closing below this that will violate the Elliot wave principle that I mentioned above.
NSE:WIPROLong
by LBilgir
Wipro : RSI Bullish DivergenceLet's understand the RSI Bullish Divergence before we take it into account. RSI Bullish Divergence Like all indicators,Divergence also fails sometimes, Success rate of RSI Bullish Divergence is 40-45% for Trade RSI Bullish divergence will provide good accuracy in Daily Time Frame . As per my view avoid shorter time frame anything below 60 mins RSI Bullish divergence is formed in Bearish Market or Bearish Price Structure ,It will hard to find in Bullish Market Trend or Bullish Market Structure Let's decide whether this Bullish divergence of RSI will work for us or not RSI Bullish Divergence Appeared on Bearish Price Structure - Looks Positive for Trade Price has fallen almost high from 613 to low from 390- Looks Positive for Trade Volume trend has been strong over the past few days - Looks Positive for Trade Trade Set Up Stop Loss Should be the recent low which is 390Rs (Lower Low Point) Entry Point Should be the recent high which in 430 Rs (Lower High Point) Target 480-490 Happy Trading ! Support Trading Community !
NSE:WIPROLong
by TheNewsCrypto
10
OMG 😱NSE: WIPRO Hello guys today after seeing the chart i got these things 1. If goes down then target could be taken at 700 This could be taken as a maximum target 2. Can be taken if break the nearest gap shown on the chart 3. The Moving Averages making a crossover shows up a bull signal 4. Time Frame :- 1 Day Conclusion :- A frypan bittom pattern which is at the current level i have saw some forecasts show that it could be up and could followed by the market but if it breaks the small gap also i also got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea Have a Nice Day to you all Made By MAYANKTECHRESEARCHING\ We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you what's going on
NSE:WIPROLong
by MAYANKTECHRESEARCHING
2
TARGETS READY WIPROWipro seems fall and consolidations over on daily chart, it falls very sharply from two three months made a bottom and breaking first resistance above bottom and close above good on Bollinger bands too on daily charts so for swing and positionally on both way it is looking good breaks a major hurdle on Relative strength indicator too. CAUSE OF LONG 1- Horizontal resistance trendline breakout. 2- Relative strength indicator breakout. 3-Bollinger band breakout. 4- Combination breakout
NSE:WIPROLong
by AMIT-RAJAN
4
Positional trade in Wipro, IT sector recovery soon?IT sector has been under performing from the last few months and the Nifty IT index has taken a major support in the range of 26300-26400. A similar pattern has formed in Wipro which has taken it's previous major support at the levels of 400. Since Wipro has corrected more than 40% from it's ATH, there is a high probability of sharp up move once recovery starts in IT sector. A positional trade can be taken in Wipro with the targets mentioned in chart. Please perform your due diligence before taking a trade and share your views in comments. Follow for regular trade ideas. Happy Trading:)
NSE:WIPROLong
by Naren_Abbaraju
Wipro Research24-07-2022 Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company. CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET Profit and Stock Price. Profit of the company fall 21% YoY Wipro is just spending on its marketing strategies for the upcoming Quarter and their Financial expenses were more than the last FY same Quarter end! Theirry Delaport states their clients' word while supporting Wipro's increased expenses- Technology is not a cost it's an investment, it's a way to transform to improve productivity. According to my Analysis and understanding, I think there is something big to hit at the upper level for Wipro from this point as it's below its intrinsic value and we see the economy recovering from the inflation so I believe this point would be the lowest for Wipro and it will show a very peculiar growth in Q2 as its already at the bottom of its potential in the stock market after looking at its Stochastics NSE:WIPRO
NSE:WIPRO
by SarthakPatwari
2