Get started

Wiprolong

WIPRO LTD (Triple Confirmation Strategy)This study is to show the importance of a simple Triple confirmation Strategy in WIPRO that has generated a good return in the past and currently shows the same confirmation. 1. 200 Weekly Moving average – the stock must have tested the 200 Weekly Moving Average. 2. Rate of Change must be above 1 3. RSI must be at or above 50 or marginally lower. In the Past: Week starting 5th Aug 2013 with the same confirmation, the stock rallied 56.39% .Week starting 14th March 2017 with the same confirmation, the stock rallied 32.54% .Week starting 20th Aug 2018 with the same confirmation, the stock rallied 43.21% .Week starting 6th July 2020 with the same confirmation, the stock rallied 232.44% Currently: Wipro shows the very same 3 confirmations on Weekly chart, it has tested the 200 Weekly Moving Average and taking support beautifully. -ROC is above 1 -RSI is very near to 50(Exaggerated Divergence Pattern Formed) So it can be hoped that the stock is going to perform good in the weeks to come .The targets would be 449(Support & Resistance zone) next would be 535. Stop Loss very strictly below 375. CHART & ANALYSIS ADARSH DEY
NSE:WIPROLong
by AdarshDey
Wipro Ltd. Sector: Computers - Software: Buy SWING TRADEWipro Ltd. : CMP 400 ABOUT THE COMPANY Wipro Ltd is a leading India based provider of IT Services, including Business Process Outsourcing (BPO) services, globally. Further, Wipro has other businesses such as IT Products, Consumer Care and Lighting and Infrastructure engineering. Analysis: Wait for support level as per analysis, dip to buy best option for long term, Target 2 after breck out target 1 resistance. For Dip analysis and Learn Follow Us. BUY: 371 TARFET: 422-472 Comment and Follow to free learn chart as well technical analysis
NSE:WIPROLong
by vahabsheikh
Wipro giving a trendline break out.The stock has been following a trend line from August 22 and finally there is a break out of the trend line. Wipro on the daily time frame has closed at 398 level above the 20 EMA. IT sector might give a nice up move as the sector has been under performing. The stock and IT index has gained over 2% on the daily time frame. 3 points confirmation. 1. Trend line break out and closing above it. 2. Closing above 20 ema. 3. High Volume break out of the trendline. Watch the index too for carrying the position as the IT index is near a resistance. If the index crosses and closes above the resistance, the stock can give a nice upside move. Targets :- 404, 415 Stop loss :- 395 (daily 20 EMA) Wait for the stock to cross the round level of 400. Intraday and swing trades can be carried in the stock.
NSE:WIPRO
by TheMamboMomentum
1
SWING TRADE -WIPRO - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:WIPRO If tomorrow price action form with green candle above trendline then day after tomorrow buy at top of the previous day & stoploss below trendline. Risk : Reward - 1:2 ENTRY - 400.00 TARGET 1 - 415.00 TARGET 2 - 425.00 STOP LOSS - 388.00 This is for Educational Purpose only, apply your prudence & consult your adviser before any investing. HAPPY TRADING..... #nse #swingtrade #nifty #wipro #niftyit #nifty50 #priceaction #supportzone #trendline #bullish #riskrewardratio #sma #simplemovingaverage
NSE:WIPROLong
by indostockdash
Wipro near a break down (26/09/22).Wipro has been consolidating in a range and is forming a double bottom pattern on the weekly time frame. The stock has closed below its 200 ema (weekly chart). The whole IT sector has been in a consolidation phase and is near its recent low. On the daily time frame, stock has given a negative candle and retested its levels of 400. Confirmation points. 1. Closed below 200 ema (on weekly time frame) 2. Started trading below 400 level. 3. Head and shoulder pattern on daily time frame. If the stock closes below 392 level on hourly time frame, a trade can be initiated. Target :- 386.5, 374 Wait for the stock to close below the levels. A price action is must to enter the trade.
NSE:WIPRO
by TheMamboMomentum
Positional trade in Wipro, IT sector recovery soon?IT sector has been under performing from the last few months and the Nifty IT index has taken a major support in the range of 26300-26400. A similar pattern has formed in Wipro which has taken it's previous major support at the levels of 400. Since Wipro has corrected more than 40% from it's ATH, there is a high probability of sharp up move once recovery starts in IT sector. A positional trade can be taken in Wipro with the targets mentioned in chart. Please perform your due diligence before taking a trade and share your views in comments. Follow for regular trade ideas. Happy Trading:)
NSE:WIPROLong
by Naren_Abbaraju
📊 #wipro Swing Opportunity #niftyit 🎯NSE:WIPRO As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long. 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns . 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 547.35 SL :- 522 (Closing Basis) Target 1:- 569 Target 2:- 586 Target 3:- 605 and more Trailing basis Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:WIPRO
by linesandlevels
2