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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
📊 #wipro Swing Opportunity #niftyit 🎯NSE:WIPRO As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns . 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 547.35 SL :- 522 (Closing Basis) Target 1:- 569 Target 2:- 586 Target 3:- 605 and more Trailing basis Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:WIPRO
by linesandlevels
2