WIPRO trade ideas

tanuj

windows are perfectly respected double top short and stochastic showing downwards trend

AshishChauhan_AlgoTrader Updated 

Wipro is giving long breakout above 446.90 for target 451.10 if do not break 442.60 on downside.

kacharts

wipro broke its long term trend line support on weekly chart and continuously maintaining downward pressure. chart suggest a fall till 400 levels.

tejasshah18

A-B-C-D nearing completion at 460. good time to start accumulating from a year's perspective. stop-loss 433 (closing basis)

AshishChauhan_AlgoTrader Updated 

Shorting Wipro for tgt 474.20 blw 479.50 with strict sl 484.25 according to price action

InsiderB

IT stocks are already on deep crisis, there is no takers for them, with GST n other euphoria people are going for FMCG,Infra, Auto, banks, so here comes Wipro which is in Bearish trend for quite a while. The reasons are : (i) Channel Breakout happened already (ii) Potential Double Bottom around 472, so note that (iii) Bearish Trend - Bearish Breakout, Good for...

Mastertrader21

Wipro is at major confluence point 1. Long Term Trendline from 2008 2. Forming Double Bottom @ 475 3. Downward Bullish Trendline