Wipro is continuously in downfall and holding the support of level 385.
Now, it created a pattern of " head and shoulder " we may see a good fall if it closes below the bottom of the previous low of the pattern.
The share faced rejection of 50DMA and closed below it again.
Fib Retracement - Putting the Fib from the Corona time low we came to know the level of ...
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 Fromed bullish RSI divergence on the weekly Chart. also, It reversed from the 61.8 % retracement level of the Fibonacci retracement of a previous bullish trend.
one can go long on Wipro with the stop-loss of levels marked with an arrow because it acts as a pivot point in the near term.
it might Give a good move when RSI Crosses the 50 level on the weekly...
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
📈 Wipro 📉
My Findings :-
1. Breakdown of Support Zone 525-530.
2. Close below Nine Month Low.
3. Whole IT Sector is showing Weakness.
Bias- Short
Target- 460 and 399
SL- 543
RR- 1: 4
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision...
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.
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Trade Setup for 10-01-2022
1)...
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
Observations:
1) On 1 day time frame, we can see that it sustain the gap up but closed below 700 level.
Still range of 700-702 is major breakout range.
Please refer below chart : 1 day Time Frame.
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Levels and trade setup remains same as per previous.
Trade Setup for Date: 28-12-2021
1) Don't Jump in...
EXPLANATION : 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...
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
Observations:
1) On 1 day time frame, we can see that it has been taking support from 50DMA. Which is a good sign that the bottoming is done and down trend is restricted at this time.
Please refer below chart : 1day Time Frame.
2) On 1 hour time frame, 650 level is immediate resistance level and 640 is immediate support level.
Please refer...
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.
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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...
only education purpose
Wipro shows good momentum. but there is chances some consolidation occur between 650-660. then after consolidation break it will goes further. what is your views, i am beginners and just put here to get some knowledge's
Points to Observe
1. After channel breakout the upside rally should continue but if we observe the chart even good positive volume breakout turned into selling volume after breakout indicating Weakness in buying side.
2. At the same time we have to consider the Horizontal Resistance, At that resistance market is fighting which means the resistance will break...
![WIPRO: Simple Trade Setup | WIPRO | 10-01-2022 [ INTRADAY ]](https://s3.tradingview.com/m/m3yzvbtJ_mid.png "Simple Trade Setup | WIPRO | 10-01-2022 [ INTRADAY ]")
![WIPRO: Simple Trade Setup | WIPRO | 28-12-2021 [ INTRADAY ]](https://s3.tradingview.com/6/6E0Nrd4A_mid.png "Simple Trade Setup | WIPRO | 28-12-2021 [ INTRADAY ]")
![WIPRO: Simple Trade Setup | WIPRO | 08-10-2021 [ INTRADAY]](https://s3.tradingview.com/1/1mjEmpXM_mid.png "Simple Trade Setup | WIPRO | 08-10-2021 [ INTRADAY]")
![WIPRO: Simple Trade Setup | WIPRO | 20-09-2021 [INTRADAY]](https://s3.tradingview.com/x/xD7osiij_mid.png "Simple Trade Setup | WIPRO | 20-09-2021 [INTRADAY]")
