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Wipro

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...
NSE:WIPRO
by UnknownUnicorn19608572
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.
NSE:WIPRO
by TheMamboMomentum
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
NSE:WIPROLong
by johntradingwick
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