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....
Buy Wipro for 1st week of New Year. I think it will increase in the coming week and will cross resistance level of 333 within next week. In the coming week you can keep target upto 337 and Stoploss at 324
best for longer term buy
short term sell
if u like it thumps up i will post more and also if u want to analysis chart for u send me as best as i can do for it
Showing signs of pull back to the original trend is seen. RSI is showing bullish divergence. Buy around 285 to 290 stoploss of 279 to the target of 312 and more
CMP: 296
SL: 285
TGT 312, 338, 385
Even though channel breakout is about to happen, still longs can be initiated as closed above 61.8% retracement and small SL.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Definitely appears in retracement territory. There has been a prior retracement of 38% on a previous rally and here too, the 38% seems like the next logical target. Stop loss is a little to avoid getting whipsawed. Cautious traders can use tighter/trailing stops
An ascending triangle breakout is observed on daily charts. Longs can be initiated with Tgt 545, SL Close Below 503.
Disclaimer: I ama novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Wipro Limited (Wipro) is a global information technology (IT), consulting and business services provider. It operates through two segments: IT Services and IT Products. The Company's IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. Its products include computing, Platforms and Storage, Networking Solutions, Enterprise Information Security, and software products, including databases and operating systems. It is a reseller of third-party enterprise products through its direct sales force.
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WIPRO
