WIPRO 1st, 2nd, 3rd, 4th wave has completed 5 th wave in formation, within 5th wave in smaller cycle 1st,2nd,3rd wave completed either 4th wave has been completed or can see further retracement of 4th wave if 4th wave has been completed,5th wave formation will result in upward movement. this is for educational purpose, not a trading advice, trade with due diligence
#Wipro cash -Positional call 10.March 2024 Looks good above 521.10 and More above 530.10 Stoploss 500 Target 570-575/640 Cmp 515.4
⚡Low Debt ⚡10Y ROE of 19% CAGR ⚡Breakout from 2 Years Long Base 🔴 SL 494 🟡 CMP 518 🟢 TGT 570/648/777
wipro respecting fibonacci levels taking short pull.....below 502 can show more down side momentum
Wipro looks bullish and have efficiency to get his target in a year (till 2024 end). Make a long position in it.
May be wipro have a bullish pattern and buy its call of rs 400 near 9-10. And wait for target of Rs 30-
Buy wipro call option of Rs 420 @ 4.5-5.5/- and wait for a target Rs 9-10/- for next 3 sessions with a stoploss of Rs 4/-.
Wipro (long term pick) This stock made low of 159.40 on 2nd of March 2020 and made a high of 738.50 on 1st of October 2021, a complete rally of almost 600 points. Since then, it started falling and made low of 352 on 3rd March 2023 which corrected its for 61.8% of Fibonacci levels which is considered as golden reversal for fresh rally in the technical world....
A g8 example of support becoming resistance and vice- versa. The stock is now headed for 607.
Wipro chart analysis based on nifty it chart pattern, only for education purpose only
WIPRO - After months of downtrend and consolidation, forming an inverted Head and Shoulder pattern. Any breakout on this will give good returns - first 440 -490-550 levels. CNXIT is also on the rise, this should help in gaining some momentum. Add to watchlist, for further study.
The price structure analysed on multiple parameter for better understanding. Weekly Chart ✅stock corrected and reinstated to fib 38.20% ✅strong base with rounding bottom Daily Chart ✅triangle breakout with volume ✅golden crossover confirming strength in stock (50 & 200 ema) ✅price consolidating after the breakout Index - Nifty IT After a year of range...
Action Plan - Entry can be made now keeping the gap zone of 465 as stop loss with target as per resistance zones above and risk bearing capacity of the individual. As Nifty IT and Nifty are at respective all time high zones, strong position sizing is recommended. It is also a good time to accumulate for long term investing at current levels. Note - For...
Script is brekaout in the weekly from the resistance of 528 with good closing . If it sustains above in the range of 528 and crosses 548 then it will reach the long term target of 607.
An inverse head and shoulders pattern is also a reliable indicator, signaling that a downward trend is about to reverse into an upward trend.
WIPRO Monthly chart shows 2X possibility in next 2 Years. Wipro has been following monthly channel since 2003 ... 20 Years & will try to be with in the channel range for next few years. LTP - 543 SL - 375 Target 1200+ Risk Reward Ratio - 4 Happy Investing.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...