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Wiproshort

Wipro showing bullish strength.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 bullish trade can be entered with a target of 525 for intraday. Target levels :- 525, 533 Entry:- Above 520 If there is a gap up opening in the stock and it comes to retest the break out levels. A bullish trade can be entered after confirming the price action. Double break out will be there in the stock. Positional/swing trade can also be created, if the stock closed above the levels on the daily front. Wait for the price action near the levels before entering the market.
NSE:WIPRO
by Mambotrade
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 Mambotrade
Wipro double top, short below 711.Hello guys, I.T sector looks week to me and yesterday Nasdaq also saw a significant fall so we will be looking to short I.T stocks for a few days, preferably on a pullback. Wipro has made a double top pattern also known as M pattern by some traders, what it means is that the price faced rejection from a specific level 2nd time and is not wanting to go beyond that for now, so it's a bearish pattern. The volume profile also shows interest in short side rather than going long. The RSI has started to go weak. 9 ema is above the price. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:WIPROShort
by this_is_shoaib
2
Simple Trade Setup | WIPRO | 10-01-2022 [ INTRADAY ]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) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:WIPRO
by Trading_hawk
5
Swing SetupEXPLANATION : This is a Daily time frame chart of WIPRO . The stock has been in a uptrend for days and has taken multiple times of trendline support , If give a strong breakdown and broke its trendline support & demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If support taken from trendline either demand zone its has formation of higher highs and higher lows , then I am bullish on WIPRO for the coming days . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:WIPRO
by pranav_nanavare
Simple Trade Setup | WIPRO | 20-09-2021 [INTRADAY]NSE:WIPRO Observations: 1) On 1hr time frame it has been trading in triangle pattern. Critical Support is at 656 level. Please refer below chart : 1hr time frame. ------------------------------------- Trade Setup for Date 20-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:WIPRO
by Trading_hawk
3
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.
NSE:WIPRO
by Trading_hawk