BTST IN WIPRO FUT
!!please note trade with caution!!
!!manage your risk!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
If the price closes/falls below 185 then there is a high chance that it can reach 173 which acts as a support.
If the price breaks 190 and the upper trend line then the target is 210
185 to 190 acts as a crucial zone. So wait for a confirmation in either of the direction.
Trade safe !
Stay safe !
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8-15 times.
POSITIONAL TRADE IN WIPRO !!(DEC FUT)!!
-STRONG TRENDLINE AND PRICE LEVEL SUPPORT
-ITS A CONTRA TRADE BUILDING POSITIONAL LONGS
-PLEASE TRADE ACCORDING TO RISK MANAGEMENT
TRADE VIEW 3-4 WEEKS
!!SWING TRADE IN WIPRO!!(DEC FUT)
-STOCK IS ALMOST NEAR ITS OVERSOLD ZONE
-THERE WAS A BREACH OF 61.8% RETRACEMENT LEVEL WHICH WAS COVERED
DEC FUT TRADE
WIPRO has been in a downtrend for quite some time now (5 months plus) and there is monthly support on the charts. The price has retraced to 0.618 Fib which is acting as support as of now.
This can be a potential reversal zone for WIPRO.
Current Market Price (CMP)- 237.05.
Confirmation only when WIPRO trades @ 242.2
Stop Loss (SL)- 231
Will Post a view again...
Reasons For Trade- 1> Wipro daily and Weekly In downtrend
2.Price closes below daily important support of 253
3.256 is strong resistance of horizontal line and 200 EMA
4.Price about to break channel support
5. Risk Reward 1:2
Intraday Sell below 245 Stoploss 251
Positional- Sell at 253 Stoploss 262 Target 230 (or Sell below 245 Stoploss 251)
NSE:WIPRO on a Daily chart
The current market price is at 264.20 and the candle formed on a daily chart is spinning top which clearly is an indecision candle.
Also, the price closed below 200 Moving average which clearly indicates sell. 255 is clearly strong support and if the price
reaches the level look for buying opportunity with any reversal candlestick...
Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas....
29 June 2019. Wipro Weekly chart.
Wipro moving in an upward channel. In the short term, it may fall to 275 levels to bounce to a 300-320-330 price target in the next 30 trading sessions (45-50 days). Watch out if it breaks below 275 then it may fall till 260 to take support where the 50 DEMA is placed.