As 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...
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This 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...
WIPRO 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,...
All the IT stocks are trading at discounted prices good time to enter, stop-loss, entry, target, mentioned in the chart
Wipro 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 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....
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 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....
Wipro: complete Head and Shoulder pattern Only for aducation parpose
Wipro: -------- Volume not supporting the upside price movement. Wait for either side breakout for good RR.
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.
Keep this stock in watch list for days to come, can participate if break-out above resistance.
Wipro 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...
Wipro: -------- Self-explanatory picture. If the price breaks days low then there is a problem & it can go further down.
WIPRO looking good above 425. keep sl below 387 & target above 531
Key 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...
Wipro 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.