Wiproanalysis
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
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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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----------Any Suggestions----------
Wipro gapfill completeI had posted a gapfill idea a couple of days ago. That seems to have completed. ~2 points miss which I think is decent fill. Now the stock is ready to move upwards again. Catalysis for the move? The buyback at 400. Positive for Wipro.
Buy here at 345. Target at 352. Stop loss at 340.