WIPRO TARGET Achieved | Trade setup for 26-07-2021NSE:WIPRO
TODAY, 23-07-2021, WIPRO gave a dip at 584 level, which was our marked level and that dip was buying opportunity.
As mentioned in my last post any dip above 580 will be a buying oppotunity.
Now, what next?
Any dip till 594 or 589 level will be a good buying opportunity. Short term target will be 615.
For Intraday target it will be 607 at max. And bonus target can be there if it continues strong bullish trend if it takes support from 607.
All these mentioned level will work as support and resistance on particular day based on how price action are working near that price level.
Do comment, if my ideas are helping you to understand the price action and levels.
Have a happy weekends.
Also do comment, if you have any doubt.
Wiprolong
WIPRO TARGET HIT | TRADE SETUP FOR 23-07-2021NSE:WIPRO
Today WIPRO did U turn from 571 level and hit two target on the buy side.
New entry on the buy side can be only made above 580 levels and any dip above 580 will be another buying opportunity.
Because today if we see in option chain data, a lot of short covering seen at 580 levels as well as 590 and 600 levels. Also NIFTY IT is looking strong.
All the levels mentioned above 580 will act as entry point, support as well as resistance, based on how price actions & trend are working on particular trading day near that price levels.
Hope you had a good trading day today and all the best for your upcoming trades.
Do comments if you have any doubts.
WIPRO | Different scenarios | Trade Levels | 19-07-2021NSE:WIPRO
Here are 5 different Scenarios for Wipro for 19-07-2021 Trade. These levels are for Intraday Trading.
Scenario 1 A little gap up or gap down or flat opening. Entry levels and targets are mentioned in Chart.
Scenario 2 A gap up opening but facing resistance. Entry levels and targets are mentioned in Chart.
Scenario 3 A gap down opening but facing resistance and then support. Entry levels and targets are mentioned in Chart.
Scenario 4 A gap down opening but from bottom great support. Entry levels and targets are mentioned in Chart.
Scenario 5 A good gap up opening but facing resistance and then support. Entry levels and targets are mentioned in Chart.
Key points to remember. : Wait for a 15min candle close on the mentioned level to take a trade.
If you already took positional trade for short or long term then as per Fibonacci next target to watch is 615/616.
All the best for trading in next week.
Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.
WIPRO - PRO+GOOD FOR A QUICK OPTION
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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WIPRO FOR SWING TRADEWipro has rallied too much; it needs to correct the price so that when it breaks the support, it may bounce back to the previous levels.
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis.
Wipro Falling Wedge Pattern | BUY MODE | RR > 5Hi 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 with another trade opp.
WIPRO price analysis on 15 mins chartWipro 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 | RR 1:2+ | Pre-Breakout(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout
Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Channel Pattern (With Good Consolidation).
INTRADAY = Entry :- 428.8 - 430 | Stop Loss :- What Suits You | Target's :- What Suits You
SWING = Entry :- 430 | Stop Loss :- 423.5/422.3 | Target's :- 442
POSITIONAL = Entry :- 430 | Stop Loss :- 416 | Target's :- 460
-- Look For Healthy Volumes . Or Get Ready To Exit The Trade.
(Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade).
Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.
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-------------Any Suggestions--------------
Preparing For BreakoutIdeally one should buy on breakout level of ₹440 for target 480/500 -but i would like to buy at Cmp with stop loss at 400 because on a longer time frame the stock is making heigher high ,well supported with the trend line, here my RISK/REWARD will be of 1:3 -pls do comment, like and Share, if you really like my Analysis :)