At every peak the stock has made a new high. May be this will take months to form peak 5. After fall the stock move up rapidly to its peak and near the peak there is price rotation. The formation of new peak is becoming narrow. Making a higher high and higher low. An uptrend is created by higher swing highs and higher swing lows. Pullbacks create the higher...
Buy WIPRO above- Rs. 219 fot the Targets of Rs. 227 - 234... Stoploss Rs. 212.... ..... Comment your views.... .... plz , Support the idea by clicking LIKE button..... .... Thank you, Vishwajeet Sharma
THIS ANALYSIS OF WIPRO IF FOR NEXT 3-4 TRADING SESSIONS. WIPRO IS FORMING HEAD AND SHOULDER PATTERN ON 2 HR ,4 HR TIME FRAME. WE HAVE FOUR DAYS OF LEFT SHOULDER FOLLOWED BY HEAD AND NOW FORMING A RIGHT SHOULDER . WE HAVE A NECKLINE AROUND 218 LEVELS AND PRICE MAY TOUCH THAT LEVEL AGAIN BEFORE COMING TO LOWER LEVELS. ie 212 AGAIN.OR IT MAY FALL STRAIGHT. WIPRO...
A Symmetrical triangle pattern breakout has been triggered in WIPRO SHORT WIPRO below 180 - 179 for the target of 168, 152, 135--- with stoploss of 186... *****
POSITIONAL TRADE IN WIPRO BUY@193 (ABOVE) STOP@190 TARGET-1@198 TARGET-2@203 QTY=4000(CASH) !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
BTST IN WIPRO FUT BUY@189.5 STOP@185 TARGET@195 QTY=6400 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
Sell Wipro below 179 if it breaches the strong support line. and Rsi should be below 50 levels. Strong possibility of stock going sideways if there are no volumes.
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.
Wipro has made a symmetrical pattern and it broke down but tested back again STOPLOSS - top of triangle
POSITIONAL TRADE IN WIPRO !!(DEC FUT)!! VIEW -WEEKLY ANALYSIS -STRONG TRENDLINE AND PRICE LEVEL SUPPORT NOTE -ITS A CONTRA TRADE BUILDING POSITIONAL LONGS -PLEASE TRADE ACCORDING TO RISK MANAGEMENT TRADE VIEW 3-4 WEEKS DEC FUT BUY@238 STOP@234 TARGET 1@248 TARGET 2@256 LOT:3200 LOT:2
!!SWING TRADE IN WIPRO!!(DEC FUT) VIEW -STOCK IS ALMOST NEAR ITS OVERSOLD ZONE -THERE WAS A BREACH OF 61.8% RETRACEMENT LEVEL WHICH WAS COVERED TRADE VIEW DEC FUT TRADE BUY@243 STOP @240 TARGET 1@246 TARGET 2@249 QTY:3200 LOT:2
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 Target 235 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.