So last week Wipro was trading around its resistance zone it tried to push up and break that resistance but the sellers were not ready and thus they moved the price all the way down from 424 to 406 making it back into the zone, the stock price closed at 398.75 on friday , now its expected to move to the support level of 380. Good luck
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
NSE:WIPRO
Observations:
1) On 1 day time frame, we can see that it is at the breakout zone of 700-702.50 level range.
But major breakout will be only above 720 level.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it...
Wipro given good Breakout after good Consolidation at a support level, The Question is will it sustain above 670 levels if the price sustains above 670 levels we will enter into the trade by keeping 648 as Stoploss (If candle closes below 648 and it's low breaks) & 730 As TGT.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********...
NSE: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...
![WIPRO: WIPRO 1D - Fuel over \](https://s3.tradingview.com/3/3nuyWGg3_mid.png "WIPRO 1D - Fuel over \")
![WIPRO: Simple Trade Setup | WIPRO | 27-12-2021 [ INTRADAY ]](https://s3.tradingview.com/w/w1iOq9X2_mid.png "Simple Trade Setup | WIPRO | 27-12-2021 [ INTRADAY ]")
