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Wiproanalysis

WIPRO - Good Buying opportunity at 256 range!!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 pattern. Look to buy when NIFTY50 is in alignment with your long position. DO not buy when NIFTY50 is bearish wait for NIFTY50 to be bullish and then you have a long position so that the reward can be more than 1:2.
NSE:WIPROLong
by Joel-Jose
Wipro | Approaching Range bottom 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. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:WIPRO
by AkhilSuryaFS