Bulliosh wipro levels of wipro next resistance at 550 followed by 700 expecting strong bullish momentum
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
After a long consolidation and downtrend, Wipro started forming HH and HL, It's value buy between 400-415. Also it has given trendline breakout on weekly chart with good buying volume. Expecting targets 500 soon.
Hello traders! Today, we'll dive into an exciting technical analysis of Wipro, a prominent IT company and a part of the Nifty 50. I'll walk you through some essential concepts and terms while dissecting the current market situation. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. 📊 Key Details 📈 Wipro...
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...
Wipro: -------- Volume not supporting the upside price movement. Wait for either side breakout for good RR.
Wipro: -------- Self-explanatory picture. If the price breaks days low then there is a problem & it can go further down.
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
Analysis for Wipro Future Trade. Price has reacted to a Demand in higher timeframe and has violated Weekly Supply There is a Monthly Demand formed.
📈 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...
2 Gaps were pending which is @598 & @593. Buy Activate when 589 breached & Sustain. Initial Target 593 & main target 598.
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)...
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. ------------------------------------- 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. **********...