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)
SELL WIPRO FUT BELOW 265 TGT- 259 254 249 Closing base SL-278 How to follow our calls & earn maximum profit from our calls 1. You should always keep the STOP LOSS. In the market only SL will SAVE YOU 2. When Target1 is ACHIEVED, TRAIL your SL to BUY/SELL PRICE. 3. Subsequently when Target2 is ACHIEVED, TRAIL your SL to Target1. 4. Subsequently when Target3...
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.