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Wiproanalysis

Wipro : RSI Bullish DivergenceLet's understand the RSI Bullish Divergence before we take it into account. RSI Bullish Divergence Like all indicators,Divergence also fails sometimes, Success rate of RSI Bullish Divergence is 40-45% for Trade RSI Bullish divergence will provide good accuracy in Daily Time Frame . As per my view avoid shorter time frame anything below 60 mins RSI Bullish divergence is formed in Bearish Market or Bearish Price Structure ,It will hard to find in Bullish Market Trend or Bullish Market Structure Let's decide whether this Bullish divergence of RSI will work for us or not RSI Bullish Divergence Appeared on Bearish Price Structure - Looks Positive for Trade Price has fallen almost high from 613 to low from 390- Looks Positive for Trade Volume trend has been strong over the past few days - Looks Positive for Trade Trade Set Up Stop Loss Should be the recent low which is 390Rs (Lower Low Point) Entry Point Should be the recent high which in 430 Rs (Lower High Point) Target 480-490 Happy Trading ! Support Trading Community !
NSE:WIPROLong
by TheNewsCrypto
10
Wipro : RSI Bullish Divergence Let's understand the RSI Bullish Divergence before we take it into account. RSI Bullish Divergence Like all indicators,Divergence also fails sometimes, Success rate of RSI Bullish Divergence is 40-45% for Trade RSI Bullish divergence will provide good accuracy in Daily Time Frame . As per my view avoid shorter time frame anything below 60 mins RSI Bullish divergence is formed in Bearish Market or Bearish Price Structure ,It will hard to find in Bullish Market Trend or Bullish Market Structure Let's decide whether this Bullish divergence of RSI will work for us or not RSI Bullish Divergence Appeared on Bearish Price Structure - Looks Positive for Trade Price has fallen almost high from 613 to low from 390- Looks Positive for Trade Volume trend has been strong over the past few days - Looks Positive for Trade Trade Set Up Stop Loss Should be the recent low which is 390Rs (Lower Low Point) Entry Point Should be the recent high which in 430 Rs (Lower High Point) Target 480-490 Happy Trading ! Support Trading Community !
NSE:WIPROLong
by TheNewsCrypto
Positional trade in Wipro, IT sector recovery soon?IT sector has been under performing from the last few months and the Nifty IT index has taken a major support in the range of 26300-26400. A similar pattern has formed in Wipro which has taken it's previous major support at the levels of 400. Since Wipro has corrected more than 40% from it's ATH, there is a high probability of sharp up move once recovery starts in IT sector. A positional trade can be taken in Wipro with the targets mentioned in chart. Please perform your due diligence before taking a trade and share your views in comments. Follow for regular trade ideas. Happy Trading:)
NSE:WIPROLong
by Naren_Abbaraju
Wipro Research24-07-2022 Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company. CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET Profit and Stock Price. Profit of the company fall 21% YoY Wipro is just spending on its marketing strategies for the upcoming Quarter and their Financial expenses were more than the last FY same Quarter end! Theirry Delaport states their clients' word while supporting Wipro's increased expenses- Technology is not a cost it's an investment, it's a way to transform to improve productivity. According to my Analysis and understanding, I think there is something big to hit at the upper level for Wipro from this point as it's below its intrinsic value and we see the economy recovering from the inflation so I believe this point would be the lowest for Wipro and it will show a very peculiar growth in Q2 as its already at the bottom of its potential in the stock market after looking at its Stochastics NSE:WIPRO
NSE:WIPRO
by SarthakPatwari
2