Swing SetupEXPLANATION : This is a Daily time frame chart of WIPRO . The stock has been in a uptrend for days and has taken multiple times of trendline support , If give a strong breakdown and broke its trendline support & demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If support taken from trendline either demand zone its has formation of higher highs and higher lows , then I am bullish on WIPRO for the coming days .
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Wiproanalysis
WIPRO : RESULTS DAY PATTERN IS OBSERVED. WILL IT RISE?A support trendline has been forming on the price chart of Wipro since the 1st quarter results in April 2021.
A similar spike in volume and price was observed around the result date in the 2nd quarter results also.
So, expecting this as a pattern the institution buyers are following, we can risk a mere 2% as a stoploss and take the long trade.
Long when the price bounces off the trendline and trail your profits.
Stoploss below the green zone mentioned on the chart.
NSE:NAUKRI LongNSE:NAUKRI
#NAUKRI trading near resistance and breaking the level and close above will give good momentum
One can try 7000 CE if closed above resistance.
Levels Perfectly captured & shared for FREE Everyday !!
Levels shared yesterday and results...
#MINDTREE - 16%
#IRCTC - 12%
#WIPRO - 11%
#VEDL - 8%
#GRASIM - 7%
All these stock levels shared and almost all got blasted results, check the other stocks shared and how it got resulted.
Also don't forget to till your bags as much as you can.
Have a Happy trading.
If you like the analysis, Hit like button and share it with your friends to extend your Support.
Wipro For Swing Trade ( Buy/Sell) AnalysisWipro given good Breakout after good Consolidation at a support level, The Question is will it sustain above 670 levels if the price sustains above 670 levels we will enter into the trade by keeping 648 as Stoploss (If candle closes below 648 and it's low breaks) & 730 As TGT.
*Always Enter With good confirmation & Maintain proper Risk Reward.
********** Educational/information purpose only **********
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NSE:MINDTREE Blasted with 9%, Shared today, Check other scripts NSE:MINDTREE
Levels Perfectly captured & shared for FREE Everyday !!
#MINDTREE - 9%
#IRCTC - 9%
#WIPRO - 8%
#INFY - 7%
All these stock levels shared and almost all got blasted results, check the other stocks shared and how it got resulted.
Also don't forget to till your bags as much as you can.
Have a Happy trading.
If you like the analysis, Hit like button and share it with your friends to extend your Support.
NSE:WIPRO LongNSE:WIPRO
#Wipro trading @ Resistance zone and breakout will give positive momentum
Above candle closure and be traded options too.
Have a Happy trading.
Levels Perfectly captured & shared for FREE Everyday !!
If you like the analysis, Hit like button and share it with your friends to extend your Support.
Earnings Break - Impulse & Trend AnalysisAs can be clearly observed, in the 5 days before and after Earnings Declaration by Wipro, Share price moves at least 10% upside. Last day it was up 3%, which might be the start of this earnings break upside. It will be interesting to observe how the market reacts to TCS earnings declared just 2 days before. Expecting some upside just like trend, Also the price is around its long term trend support so there are high chances we might see some green candles ahead.
Simple Trade Setup | WIPRO | 08-10-2021 [ INTRADAY]NSE:WIPRO
Observations:
1) On 1 day time frame, we can see that it has been taking support from 50DMA. Which is a good sign that the bottoming is done and down trend is restricted at this time.
Please refer below chart : 1day Time Frame.
2) On 1 hour time frame, 650 level is immediate resistance level and 640 is immediate support level.
Please refer below chart : 1hour Time Frame.
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Trade Setup for Date 08-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | WIPRO | 20-09-2021 [INTRADAY]NSE:WIPRO
Observations:
1) On 1hr time frame it has been trading in triangle pattern.
Critical Support is at 656 level.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Wipro Buy or Sell ?Points to Observe
1. After channel breakout the upside rally should continue but if we observe the chart even good positive volume breakout turned into selling volume after breakout indicating Weakness in buying side.
2. At the same time we have to consider the Horizontal Resistance, At that resistance market is fighting which means the resistance will break and continue bull rally.
At this point We have to wait for either side breakout & we will enter into trade with good confirmation.
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
Wipro - Breakout stock🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Wipro - Bullish breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
WIPRO TARGET Achieved | Trade setup for 26-07-2021NSE:WIPRO
TODAY, 23-07-2021, WIPRO gave a dip at 584 level, which was our marked level and that dip was buying opportunity.
As mentioned in my last post any dip above 580 will be a buying oppotunity.
Now, what next?
Any dip till 594 or 589 level will be a good buying opportunity. Short term target will be 615.
For Intraday target it will be 607 at max. And bonus target can be there if it continues strong bullish trend if it takes support from 607.
All these mentioned level will work as support and resistance on particular day based on how price action are working near that price level.
Do comment, if my ideas are helping you to understand the price action and levels.
Have a happy weekends.
Also do comment, if you have any doubt.
WIPRO TARGET HIT | TRADE SETUP FOR 23-07-2021NSE:WIPRO
Today WIPRO did U turn from 571 level and hit two target on the buy side.
New entry on the buy side can be only made above 580 levels and any dip above 580 will be another buying opportunity.
Because today if we see in option chain data, a lot of short covering seen at 580 levels as well as 590 and 600 levels. Also NIFTY IT is looking strong.
All the levels mentioned above 580 will act as entry point, support as well as resistance, based on how price actions & trend are working on particular trading day near that price levels.
Hope you had a good trading day today and all the best for your upcoming trades.
Do comments if you have any doubts.