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...
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)...
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...
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.
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Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it...
Today watch out the levels for WIPRO .
wait for the Double confirmation for the Best ebtry and the stoploss
Target Where your greed Ends...Lol
Don't Advice to take the trade on my Levels. Take it on your own risk
I will not be Responsible for any kind of loss & profit
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.
**********...
As can be clearly observed, in the 5 days before and after Earnings Declaration by Wipro, Share price moves at least 10% upside. Last day it was up 3%, which might be the start of this earnings break upside. It will be interesting to observe how the market reacts to TCS earnings declared just 2 days before. Expecting some upside just like trend, Also the price is...
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...
As we know it sector is bullish and wipro having the inverted head and shoulder patterns a bullish pattern and also sgx nifty is up by 50 points than go long if wipro going up
![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 | 27-12-2021 [ INTRADAY ]](https://s3.tradingview.com/w/w1iOq9X2_mid.png "Simple Trade Setup | WIPRO | 27-12-2021 [ 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]")
