WIPRO -DOUBLE BOTTOM Hello investors, My simple and powerful double bottom pattern formed in WIPRO. I have explained everything in chart. Need your comments. Thanks, Indian OX Longby UnknownUnicorn83444111
[Turtle] Wipro 370PE Short IdeaShort Wipro May 370 PE a 8.25 Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======Longby Amit_Ghosh6
Closely follow WIPROWipro in a critical condition, lifetime resistance now works as Strong support, watch closelyby dibyendukumar19904
Double bottom ahead !!!The stock about to create double bottom.. Add this stock in your radar !!! Only for educational purpose only . Longby Naveenpothiraj1118
Wipro longGoing long inwipro as wipro is showing strength with hammer on weekly and double bottom.Longby karandeepbhatia221
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Script = Wipro Time Frame = 1 Day Longby Jainshashwat5
wiprowait for break down (red area) and 365.4 sell zone. 375.25 buy zone. i m intrested for short. hourly time frame shows trend is down.Shortby amitbnl071
WiproWipro Very Clear for Double Bottom for weekly time frame So Wipro buy position for long positionLongby lashkarikartikUpdated 3
#Wipro Spot #Shortterm10-Apr 2:48 PM #Wipro Spot #Shortterm Buy at CMP- 372.8 Stop loss - 367 Target- As par strategy indicates Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. #NSE #stockstowatch #stockstobuy #swingtrading Longby ashwinjethwani14093
Wipro Harmonic PatternA Harmonic pattern is seen on chart of Wipro. We need more confirmation from price action for takin an actual trade. The pattern above suggests the low for this stock could be around the corner. regards Abhay Bhatiaby adbinvestment2
Wipro✅ Price break Strong Multiple time tested level. ✅ Price now going to up for 374-378 Level. This level Also act as a Continuation for his down trend. ✅ Better look for proper Reversal on this level. ✅ We can big downtrend also on Weekly base.Shortby Nik_Shadow2
Morning Star A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend. Script = Wipro Time Frame = 1 Day Longby Jainshashwat3
Wipro on Major trendline support on long term. Watch outWipro on Major trendline support on long term. If it closes below trend line, more pain and if it bounces back got place to accumulate for longer termLongby rvijayanandUpdated 110
intradayboth side potential avoid first 15min breakout wait for 15 min candle closing targets are marked follow risk management do your own analysis do workout do meditation start reading bookby hunterhunt7770
WIPRO - Rectangle channel breakdown - 9% downside potentialWIPRO has given Rectangle channel breakdown from 377 support levels. We may see a downside level of 343-345 zone in coming 5 to 15 days. SL: Daily candle close above 377 level.Shortby skandha19866
Wipro near to the Multi Year Support Zone - TIME to BUYWipro is now nearing to the Multi Year Support Zone which was the Resistance before for years. This would be the Exact time to buy Wipro at this level. Happy InvestingLongby Ramnisha337
Wipro... weekly chart analysisAfter the high of 739.85 the stock corrected almost 50% with strong support at levels around 370-375. Double bottom formation with stock price closing near the 40 weekly moving average. The price crossing the 40 weekly moving average with good volume would be a positive sign. Important levels to watch: 416 which is the neckline with initial targets of 427 and 450. Might see some resistance at 450, beyond which 495-500 could be a possibility in the medium term. Keep a strict stop loss at 5-8%. Also price falling below the support zone of 376 would trigger caution. Note: Not a buy/sell recommendation. Do consult your investment advisor.Longby TheUnlearningOneUpdated 9
WIPRO analysisWIPRO , the IT giant has consolidated heavily for a long time and has formed a good bottom kind of structure , with weekly candlle showing good buying pressure from lower areas and also sustaining above support of 390 levels , this is looking good for an upmove towards 420-425 levels , with SL of just 2.5% and targets of almost 9% risk to reward ratio is highly in our favour and looks good for a swing trade , Do follow for more trade setups and swing tradesLongby sniper1290Updated 3
Healthy correction and now coming to strong support at 370Fno Stock with strong fundamentals. Can go long in Future around 365 With SL 330.Longby lavkush1
Is Wipro ready for breaking the long consolidation phase ?NSE:WIPRO is fundamentally sound script. As of now there are no reversal signs in chart patterns but investors can consider this 385 range as a buying opportunity. I Expect target levels of 425 in upcoming quarter.Longby jay-chopra221
WIPRO on RSI DiverganceWipro is consolidating over a couple of months and have slowly build RSI divergence on Weekly basis. expecting something good on short and great in long 410 Price rage to watchLongby PraveenRaj153