wipro share analysiswipro fall from top in elliot wave
and do Abc
correction we can see retracement upto 540
WIPRO trade ideas
WIPRO Long for the target of 465With the pattern found in Day chart , Wipro is inching towards the target of 465- 470.
Can go for long with clear stop loss of 430
All Good till 450Weekly Breakout
Daily candle also looks good.
Head and shoulder pattern observed on 15 min candle.
Wipro building the buy momentum📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈
💡 Rationale for Selection:
📊 Technical Analysis:
Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈
Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄
MACD: Expected bottom-up crossover; MACD line (1.3) expected to cross Signal line (2.32) confirming a bullish bias. 📈
Stochastics & RSI: K=23.18, D=9.03, showing the stock has reached oversold territory and is in a position to bounce back. 📈
Percentage R and Fisher 9: Indicate an uptrend is likely in the next 1-2 trading sessions. 📈
📰 Market Indicators:
A surge in IT stocks recently. 📈
Mutual funds are showing increasing interest in IT stocks, expecting a boom. 🤝
🎯 Trade Parameters:
🟢 Entry Price: ₹416.25 (0.382 Fibonacci Levels)
🎯 Target Price: ₹422.20
🔴 Stop Loss: ₹41.75
#WiproLimited #StockPick #TechnicalAnalysis #Fibonacci #MACD #Stochastics #RSI #MutualFunds #ITBoom #WeeklyStockPicks #InvestWisely
📋 Disclaimers and Disclosures:
Risk: Investing in stocks is subject to market risk. Please consult your financial advisor before making any investment decisions. The information provided is only for the education purpose and should not be considered as an investment advice or as stock recommendation. You are requested to take due diligence on your own accord and consult financial advisor, research analyst or a broker before acting on any information on it. We do not confirm any validity or correctness of the information and might change our viewpoint on the stock anytime, as per our discretion and research.
Disclosure: This analysis is purely based on technical indicators and market trends as of 1st September 2023. Past performance is not indicative of future results.
Conflicts of Interest: We may or may not have any vested interest in Wipro Limited as of the date of this report.
WIPRO: BULLISH 450NSE:WIPRO underperforming for past one year, as of weekly time frame, wipro touch crucial support.
If weekly candle cross the trend and closed above it. Take position and fix a stop loss at 380. Target 450.
buy alert for wipro buy price 425
if you can see then you will see that consolidated time is over now breakout done
LONG - Once the channel breaksIts a half way return strategy. If the channel breaks with good volume good to go for long
#Wipro cash : Rounded Bottom Formation Tgt 1000#Wipro cash -Positional call in 15 months
04.09.2023
Previous call was
@414
on 18.07.2023
Fresh call once Close above 445-450
or
Around 410-425
Tgt 900-1000
Cmp 434
WIPRO BREAKING A TRENDLINE RESISTANCEWIPRO breaks trend line resistance
huge volume good rsi
trading above all key ema
target can be 600+
educational idea only
Wipro Head & Shoulders PatternsWipro is forming Head & Shoulders Patterns on weekly charts.
Resistance breakout
IT Index in Bullish Trend
WIPRO | Investment Pick📊 Details
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Wipro Stock long time investment 6 to 12 monthHi every one wipro
buy for mutual fund
SIP
wipro and ITNIFTY is bullish
I am heer to help you
WIPRO LONG TERM INVESTING OPPORTUNITYBullish on Wipro for the long term coz:
1. Rounding Bottom Pattern in Weekly TF.
2. Crossing 200 dema
3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on
4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline
**BUY @ 417
**SL @ 395.75
**TGT 1 @ 610
**TGT2 @ 720
**Holding Period is approx 1 yr
**RR:13
**Growth Potential 72%
** Note: In rounding bottom pattern, speedy growth happens in the later phase, do not exit early. You can trail your SL but not very tightly as rounding bottom pattern may give deep pullbacks that may through you out of the trade.
Consolidated a Lot - Showing Bullish reversal signs now!The stock is making higher lows and volumes are picking up.
One can buy above 426 level for intraday 0.7-1% move and carry positional on day closing basis for first target 443. This is a strong resistance zone. Once this is broken next targets would be 460 and 475.
RSI also shows a bullish divergence.
Learn & Earn,
Dr. Tanya Kumar
Trend Reversal in Wipro1. Wipro recently broke the Bearish Trendline.
2. After that Stock is Forming "Higher Highs" and "Higher Low" indicating Bullish trend.
3. Momentum is also supporting the Trend as per MACD.
4. Recent price action shows Volatility Squeeze by formation of Pennant.
5. Buy Trade can be initiated with stop loss of 400.
Bullish Alert !!Exciting Bullish Pattern Alert!
📊 Pattern: Rising Channel
📌 Symbol/Asset: Wipro
🔍 Description: Stock near support level.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Wipro- Looks to get back on track.Buy between- 400-410
Keeping SL- 395 on closing basis.
Target- 423, 432, 440.
Note- Only for educational purposes.
At important junctureThe level today seems like a possible high resistance area. A rejection & a break down from here could lead to a lower levels.
But a break out from here could again catapult to higher ranges.
BullishAfter strong consolidation in that region if region breaks in upcoming days wipro stock is sees at 600-700 levels so consider this region as strong supporting region and invest money for long-terms
Wipro Consolidation Phase Conditional BuyThe stock has been consolidating for a while and the RSI is moving up on a weekly time frame
If you look at the Support levels its hovering around 200day EMA
Aim for Buying either breaking out of the box range or retesting those levels again
Target 1 520
Target 2 626
Stop Loss 350s
WIPRO reversal ideaWIPRO may reverse from weekly 200MA
looking good cmp 403 with SL of 380 for target of 422/444 short term
WIPRO: Forming Reversed Head & Shoulder PatternWipro is forming a reversed Head & Shoulder Pattern.
#Current Price - 414
#Breakout Price - 425
#Expected Target - 495
#Resistance Based Targets
- Target 1 - 443
- Target 2 - 481
#Support Based Targets
- Target 1 - 414
- Target 2 - 399 (Stop Loss)
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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