A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:WIPRO The shoulder is exactly at 0.236 fib retracement level. and the target is nearly at 0.50 fib level. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per...
Wipro for the intraday trade is looking bullish and has closed around the resistance zone. The stock after the fall has given a bullish engulfing candle on the daily charts. It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock. If the stock starts trading above 520 levels and sustain above it, a...
WIPRO 1st, 2nd, 3rd, 4th wave has completed 5 th wave in formation, within 5th wave in smaller cycle 1st,2nd,3rd wave completed either 4th wave has been completed or can see further retracement of 4th wave if 4th wave has been completed,5th wave formation will result in upward movement. this is for educational purpose, not a trading advice, trade with due diligence
#wipro lately has been giving wild moves and many people including myself are wondering why. I may not know the exact fundamental reason for the move in wipro but as a technical analyst i can share my POV on Wipro technically. 1. Wipro has given a major breakout in the weekly timeframe. 2. After a prolonged period of consolidation in the likes of more than 1...
Wipro looking bullish and it has formed an ascending triangle pattern. Where we can see the target of 550 to 580 range once it breaks the ascending triangle break line. Disclaimer- Its only for education purpose and not trading recommendation.
Stock has consolidated good and started making higher high , trend continuation expected if the level are maintained . A classic round bottom in formation , immediate short term trade trigger could be the break of triangle for a good bump .
WIPRO has given a clear breakout on the weekly chart. The stock has a possible upside of 515, 565, and 615. Also, strong volume buildup can be seen from the last 4-5 weeks. The stop loss can be placed at the 427 level (Weekly Closing basis). #WIPRO. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult...
In weekly chart we can see after double top price was fall. And whole 2023 reate a strong support at 441.70. Very Strong Support - 441.70 Now 464 resistance level is breaking. If we see this week creating a red candle but volume is good and as expected price will go higher and touch 500 within couple of month. It Creating cup and handle pattern. If we see very...
Bulliosh wipro levels of wipro next resistance at 550 followed by 700 expecting strong bullish momentum
Wipro after fall from 734 to 400 level has taken support near the 61 percentile of fibonacci retracement and is consolidating. This is long term view based on predictive trend chart. Long for a target of 830 once it closes above 420 on monthly basis Very small stop loss will be 380 on monthly closing basis.
Wipro is breaking zone !! still volume has not come, keep eye on it 1) Consolidation for 17 months 2) breakout is on the way
If it crosses 409.25 Enter : 409.30 Stop loss: 401.50 Target : 424.80
WIPRO has formed over a 1 year long cup and is poised for breakout and if can sustain. It has fallen over 50% from top and regained 25% from bottom already. RSI is high.
📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈 💡 Rationale for Selection: 📊 Technical Analysis: Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈 Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄 MACD: Expected bottom-up...
NSE:WIPRO underperforming for past one year, as of weekly time frame, wipro touch crucial support. If weekly candle cross the trend and closed above it. Take position and fix a stop loss at 380. Target 450.
Wipro is forming a reversed Head & Shoulder Pattern. #Current Price - 414 #Breakout Price - 425 #Expected Target - 495 #Resistance Based Targets - Target 1 - 443 - Target 2 - 481 #Support Based Targets - Target 1 - 414 - Target 2 - 399 (Stop Loss) Pattern is forming on daily chart. Disclaimer: This idea is only for education purpose, Please consult your...
WIPRO Hourly Chart suggest 9% upside in 20-30 days LTP 407 SL 398 Target - 425 / 440+ Timeframe - 20-30 days
After a long consolidation and downtrend, Wipro started forming HH and HL, It's value buy between 400-415. Also it has given trendline breakout on weekly chart with good buying volume. Expecting targets 500 soon.