Hello traders! Today, we'll dive into an exciting technical analysis of Wipro, a prominent IT company and a part of the Nifty 50. I'll walk you through some essential concepts and terms while dissecting the current market situation. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. 📊 Key Details 📈 Wipro...
Wipro on 1H time frame Respected Support ✅ Retest ✅ Pattern on 1H : Bullish Harami completed (2 candles) 0.10 points away from completing bullish pattern 'Three inside up' (3 candles) ENTRY : At CMP Target: 387 - 390 (short term) Disclaimer: I'm not a registered financial advisor. All information found here is for educational purposes only and should not be...
WIPRO , the IT giant has consolidated heavily for a long time and has formed a good bottom kind of structure , with weekly candlle showing good buying pressure from lower areas and also sustaining above support of 390 levels , this is looking good for an upmove towards 420-425 levels , with SL of just 2.5% and targets of almost 9% risk to reward ratio is highly...
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: ...
Wipro 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...
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...
Wipro Forms a head n Shoulder pattern in weekly timeframe, the bear trend always reverse from the Higher opposite volume , Wipro has possibility of reversal from near 293-295 level in upcoming weeks.
Potential 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...
cmp 399 Trend Line Breakout at 391 Target1 412 Target2 424 SL 386
WIPRO : The stock is trading in a trend line. The stock looks Good Above 415.50. Wait for the Breakout to Take entry. The expected targets are 426.50 & 440
NSE:WIPRO Descending channel pattern breakout given Buy with stoploss - 390 Target - 409, 417, 425 For the long-term view, check link attached in the related ideas.
NSE:WIPRO Wipro trading at fibonocci support .382 and possible to break the trend this time Buy with stoploss 370 Target - 405, 423, 450
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....
Wipro: -------- Self-explanatory picture. If the price breaks days low then there is a problem & it can go further down.
WIPRO looking good above 425. keep sl below 387 & target above 531
Wait for trend line breakout for reversal 1) first target @ 560 with 20% return 2) Second target @ 620 with 35% return 3) Stop loss @ 390 with 15% loss
Analysis for Wipro Future Trade. Price has reacted to a Demand in higher timeframe and has violated Weekly Supply There is a Monthly Demand formed.
WIPRO; fundamentally strong share; good opportunity to do bottom fishing'; otherwise it will be too late; no sl; don't run after penny or momentum stocks; hit like if u agree