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...
Wipro ltd is currently support in Falling Narrow Wedge pattern. In this stock Fibonacci in golden ratio zone, concentrate long term investor & swing traders. If sustain above 538 in weekly chart. it will be reach all time high price.
as you can see nifty IT daily chart , it taking support at trendline . and it also broken all pivot lines support levels . if weekly close below trend line may dangerous and also it may take next support at 29800 if it continues . whoever investing now can work with small SL . do research & learn . it also forming CUP & HANDLE . do like my idea if you agree .
Wipro is near its support zone. It can be a good buy with SL - 500 Target 600.
2 Gaps were pending which is @598 & @593. Buy Activate when 589 breached & Sustain. Initial Target 593 & main target 598.
Flag and Pole Pattern on Daily timeframe Inv Head & Shoulder 600 Psychological Support Consolidation after a strong Rally
Hi everyone, Wipro short term swing trade consider buy above: 573, target: 584, stoploss: 567. LOGIC BEHIND TRADE: Stock recently given correction & formed double bottom & given breakout of it`s resistance (target identified from harmonic xabcd pattern level 0.886) stoploss is taken previous swing low. NSE:WIPRO
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...
As per our view presented on 21Dec we initiated Short position in Wipro and now we are heading towards our expected level, we will book profit in our short position @ 600 underline stock levels. After starting 3 wave corrective move from (3) Blue we are now heading to 590 Level which is expected to find buying. We will be initiating Long trade with levels as...
Wipro Swing Investment levels Buy @ 570- 550- 500 targets 640- 680- 720- 760-800-900-1000+ Time duration 6months to 1 year SL below 480 Public can short @ 620 AROUND LEVELS
WIPRO has been in the trend since April 2020, and currently, it is on the support of trendline, if we take a trade here at LTP Rs 605.05 we can keep stop loss at Rs 526 and target 1 at Rs 763 with a risk-reward ratio of 2. Any thoughts or comments are appreciated.
Wipro approaching its main trendline support. If it takes support and reverse back it would definitely a good buy with recent correction and support on major trendline.
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. CMP: 639.80 Target : 713-760 Wipro Ltd is now on critical support as well previous accumulation Zone. Now market retrace...
NSE:WIPRO Observations: 1) On 1 day time frame, we can see it just closed at 10DMA. If it trades below 10DMA then we can see some profit booking. 10DMA is placed at 710.91 level. Major breakout level for upmove is 720 level range. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for 10-01-2022 1)...
NSE:WIPRO #NSE:WIPRO formed descending triangle and BO may give positive results. 710 CE
this is trail of my new stretegy for stocks which results are coming please dont trade . as wipro result is coming on 12 jan . if price come to our demand zone near result days then it will give a good bounce.hope for best .thanku
NSE:WIPRO #WIPRO formed descending triangle !! Interested in this level can ping for any clarifications...
Wipro has shown good strength and featured in the list of the strong stocks in the past 10 trading sessions, If we look at the setup, the stock is trading perfectly within a channel. Recently, it took support at the lower end of the rising channel and has crossed its key hurdles, The upper of the rising channel is around the 850 levels. In term of wave counts,...