Wipro has formed a head and shoulders pattern in the weekly chart and it has broken its neckline with a great volume . Almost half of the region is covered and we might see a downfall of upto the levels of 385 within the next few weeks . Although it has to first break the support of 460 level in order to reach the desired target . The long term trendline is also...
Making a triangle pattern, keep watch. Wipro has given the successful breakout of the triangle pattern.No it can show good rally if it bounces from trend line.
NSE:WIPRO is very bullish after it has completed the correction phase of last one year bull run and is now ready to keep up with the pace and touch new Highs! It will keep showing continuation patterns and extend higher! The quarterly results might cause further push to price and bulls will be in control for Wipro in coming weeks.
Wipro chennal breckout and short tern bulish
Go Long. Bullish HAMMER ON 2 Hr.CHART Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisors. Risk it for the biscuit.
Fibonacci extension shows possible levels of 235 and above! Enter now at 212, stop loss at 200. The stock has broken the resistance level of 206, which is now acting as a strong support level.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. R:R is 5-8 times.
Long term CAGR of Wipro = 8% Typical cycle variation = 100 points over 48-60 weeks Positional Suggestion : Buy/Sell 25 pts away from central trend line. Typical period 75-90 days. NSE:WIPRO
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 8-15 times.
TREND ANALYSIS Trade Setup Selling at CMP or below 256 Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. RR= 5-6 times
TREND ANALYSIS Trade Setup Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Risk Reward 6-8 Times
The market does facilitate trading in these price areas as we can see a lot of trading activity going on. Volume can be estimated in a number of ways though. Its main use is to identify support and resistance levels in the market, to gauge the strength of price movements, but it is best used in conjunction with other concepts and methods of analyzing the price....
TK Zone Breakout along with Hidden Bullish Divergence. Looking at Momentum Curving up. Looks like Huge Upside to come.
BUY AROUND 255-56 SL 250 CLOSING BASIS TGT 1 >> 262 TGT 2 >> 266 ANY ONE WANT TO DISCUSS DM ME.....