Wipro Near break out trade with stop loss
Wipro Analysis For 11 June 2021 If Wipro opens above 555.55 Then Tp 570 SL @ 549 Risk Reward Ratio Is 1:3
NSE:WIPRO Wipro looks to be in a good value are. Entered the stock since the risk to reward looks good. Tweezer bottom at a very good confluence of support(trendline+200ema/15min+support at 50% fib retracement). confirmed by good volume buying. Can be watched for next two days Last 2 15min candle shows good volume of buying there. planning to exit the trade on...
Trend : upside Chart pattern : flat top Ascending bottom Support : Major: 520-525 Minor : 535 Target : 545 - 550 -555
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! **Retailers Vs Institutional Trading.** Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk:Reward: 8-10 times. Regards @MohitArora
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Reward is 5-7 times .
HERE I SEE THAT (THIS CHART TIME FRAME IS 1 HOUR) IN 1 HOUR TIMEFRAME WIPRO BREAKOUT THE CHANNEL NOW IT CREATE A NEW CHANNEL IN 1 HOUR TIMEFRAME HOPE THIS CHANNEL IS TRADED WHEN IT COMES DOWN WE BUYING AND WHEN IT GO THE UPPER TRENDLINE WE SELL. THIS IS MY VIEW IN WIPRO.
Wait for the Flag Breakout or you can buy at CMP also
Hi there, investor cum trader. This opp is made on the buy side only when it comes to retesting the previous support zone for a safe trader else an aggressive trader can take an entry now with an RR of 2.8. Safe Investor: Buy @ 385 Sell @ 466 SL @ 367 Aggressive Investor: Buy @ 401 Sell @ 466 SL @ 367 Make a wise decision and get going. Will be back tomorrow...
not only for the long awaited (maybe coming soon) bonus but wipro can fetch u a good deal otherwise in long terms. at least u won't face loss. just an idea
Buy Wipro At Cmp 435.55 Strict SL - 422 Target - 452/465
Best Opportunity For Swing Traders💕 Level Mentioned On Chart. After Consolidation Stock Is Ready For Go Follow For More Updates @prasanna09 📌Key Highlights: 🔺BO On Weekly Time Frame 🔺Pole And Flag 🔺Vol. BO 🔺Anual Results
Wipro 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.
Wipro has given breakout in daily chart and retest done . It might go up .
We shared about Wipro on 23rd march when it was trading in tight range near 200 ma. Our suggestion for shorting Wipro was based on bearish price action pattern.
Wipro 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
The stock is creating lower lows on the daily time frame and trading in descending triangle pattern. It it sustains below today's low we may see levels marked on the chart. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team