Wipro for the intraday trade is looking bullish and has closed around the resistance zone. The stock after the fall has given a bullish engulfing candle on the daily charts. It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock. If the stock starts trading above 520 levels and sustain above it, a...
WIPRO (1W TF) Swing Trade Analysis given on 23rd December, 2023 (Saturday) Pattern: RECTANGLE BOX BREAKOUT - Breakout of Resistance - Done ✓ - Volume Spike near Breakout - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #wipro
WIPRO 1st, 2nd, 3rd, 4th wave has completed 5 th wave in formation, within 5th wave in smaller cycle 1st,2nd,3rd wave completed either 4th wave has been completed or can see further retracement of 4th wave if 4th wave has been completed,5th wave formation will result in upward movement. this is for educational purpose, not a trading advice, trade with due diligence
#Wipro cash -Positional call 10.March 2024 Looks good above 521.10 and More above 530.10 Stoploss 500 Target 570-575/640 Cmp 515.4
⚡Low Debt ⚡10Y ROE of 19% CAGR ⚡Breakout from 2 Years Long Base 🔴 SL 494 🟡 CMP 518 🟢 TGT 570/648/777
wipro respecting fibonacci levels taking short pull.....below 502 can show more down side momentum
Wipro looks bullish and have efficiency to get his target in a year (till 2024 end). Make a long position in it.
May be wipro have a bullish pattern and buy its call of rs 400 near 9-10. And wait for target of Rs 30-
Buy wipro call option of Rs 420 @ 4.5-5.5/- and wait for a target Rs 9-10/- for next 3 sessions with a stoploss of Rs 4/-.
Wipro (long term pick) This stock made low of 159.40 on 2nd of March 2020 and made a high of 738.50 on 1st of October 2021, a complete rally of almost 600 points. Since then, it started falling and made low of 352 on 3rd March 2023 which corrected its for 61.8% of Fibonacci levels which is considered as golden reversal for fresh rally in the technical world....
A g8 example of support becoming resistance and vice- versa. The stock is now headed for 607.
Wipro chart analysis based on nifty it chart pattern, only for education purpose only
WIPRO - After months of downtrend and consolidation, forming an inverted Head and Shoulder pattern. Any breakout on this will give good returns - first 440 -490-550 levels. CNXIT is also on the rise, this should help in gaining some momentum. Add to watchlist, for further study.
Right time to invest. Fundamentally good. Leave a " Like If you agree ".👍 . Entry:425 target:435 / 459 / 531 stoploss: 415 major stoploss/ support: 399 . . Enter conservatively after "425" . . . . . more than that "WIPRO" ., is fundamentally good. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for...
The price structure analysed on multiple parameter for better understanding. Weekly Chart ✅stock corrected and reinstated to fib 38.20% ✅strong base with rounding bottom Daily Chart ✅triangle breakout with volume ✅golden crossover confirming strength in stock (50 & 200 ema) ✅price consolidating after the breakout Index - Nifty IT After a year of range...
Action Plan - Entry can be made now keeping the gap zone of 465 as stop loss with target as per resistance zones above and risk bearing capacity of the individual. As Nifty IT and Nifty are at respective all time high zones, strong position sizing is recommended. It is also a good time to accumulate for long term investing at current levels. Note - For...
Script is brekaout in the weekly from the resistance of 528 with good closing . If it sustains above in the range of 528 and crosses 548 then it will reach the long term target of 607.