WIPRO price analysis on 15 mins chartWipro is sustaining above 200ema and it has formed not one but two trend reversal patterns called INVERSE HEAD N SHOULDER , the other one called CUP N HANDLE. Both of these pattern are trend reversal price action pattern. Targets mentioned on charts. Trade at your own risk. Trade safe.
Wiproanalysis
Wipro on 15 min chartWipro has been forming a bearish continuation pattern after sustaining below 200 ma line. This indicates that Wipro is in major downtrend and this must be a small correction or retracement. There’s a possible chance for reversal because there’s 3 reason supporting our statement.
SUPPLY ZONE
200 MA LINE
FIBONACCI 61.8% level
Preparing For BreakoutIdeally one should buy on breakout level of ₹440 for target 480/500 -but i would like to buy at Cmp with stop loss at 400 because on a longer time frame the stock is making heigher high ,well supported with the trend line, here my RISK/REWARD will be of 1:3 -pls do comment, like and Share, if you really like my Analysis :)
Wipro analysis with EW Part2(Once an empire and again an empire)Om Namah Shivay
Wipro has prepared a lot to bring the Empire
back to shape. The 10 year Journey has been
Phenomenal and the long correction sideways
A New move which brings it to an all time high.
We can further analyze the targets in part3.
This is for educational purpose only. No trading suggested.
Om Namah Shivay = I Soul ( the I) respect Shiva.
Wipro analysis with EW ( Once an empire and again an empire )Om Namah Shivay
Wipro is an Example of 2 sides of the Coin
Once it had gone to the diminish zone
then a next story was written where
it again became an Empire. we will check
the progress to next zone in part 2.
This is for educational purpose only. No trading suggested.
Om Namah Shivay = I Soul ( the I) respect Shiva.
WIPRO | RR 1:4 | Pre-Breakout=====================================================
⭕ Positional Trading Opportunity ! Daily Chart Alert !!! ⭕
--Buy above = 368 (Breakout)
--Stop-loss = 355
--Target's = 400 | 420
--R:R = 1:4
--Pattern's = Triangle Pattern | Flag Pattern
#ThankU For Checking Out My Content , I Hope U Liked IT 📌
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Wait For Clear Entry
2) Watch Out For Volume After Pattern Breakout / At Breakout Candle
3) All IT Stock's & IT Index Is In Uptrend , Stock Is Trading Above 200DMA
4) Overall Stock looking Bullish...
📈(Risk Must Be Managed.)
🙄Keep Your Eyes On Index
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