WIPRO in Accumulation PhaseKeep this stock in watch list for days to come, can participate if break-out above resistance.
WIPRO trade ideas
WIPRO 19SEP2022Wipro from past days taking the support of level 400 and jumps back to make a bull run but from the past days it makes the DESCENDING TRIANGLE PATTERN which is a bearish
pattern
SELL
SELLING below the level of 400 can lead it up to 380--350 level on the lower side.
BUY
Buying is gonna be risky from this point but taking support of level 400 can push it to the rejection trendline.
Wipro AnalysisWipro:
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Self-explanatory picture.
If the price breaks days low then there is a problem & it can go further down.
WIPRO trend analysis Hi,
I have analyzed price action of Wipro since last five months.. please check it I thought my efforts may useful to you..
Regards,
Kamal d
Wipro Near Support ZoneIt looks like accumulation is completed by big players between the range 400 - 420.
As per the option chain also support is formed @ 420 level. So we can expect some upward movement in this stock.
And also if Nifty wants to cross 18000, IT sector contribution is necessary, so I hope now IT sector will recover and boost the NIFTY to go up.
Wipro - Close above trendline, taken moving average supportWipro Analysis for leaning purpose.
1. Taking Moving Average Support (MA 44, MA 50, EMA 44, EMA 50)
2. Closing Above Trendline
3. Already taken support from Monthly .618 Level
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Wipro near breakthrough. Must have in watchlist.Educational purpose only!
IT stocks are making a reversal and WIPRO is near its breakthrough.
Once the trade setup is confirmed Entry could be at a closing price of 425.
Probable/logical target 1: 440+
Probable/logical target 1: 480+
Wipro - Possible Wyckoff accumulation scenarioKey highlights:
⚡️ Consolidating in the weekly demand zone for the last 3 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 15 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 490 zone. If the price manages to push above the range high, expect 490-500 in the coming weeks.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Wipro Descending Triangle Analysis 🔥Wipro Descending Triangle Analysis 🔥
The above chart of Wipro laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Wipro is in the range of Rs 417.15. If the pattern continues, the price of Wipro might reach the resistance levels of Rs 446 and 476. If the trend reverses, then the price of Wipro may fall to Rs 410
Trading Level ✅
Entry Point - 425 ( Breakout region)
Stop Loss - 410 (Previous Swing Low)
Target - 446-476
Happy Trading
Wipro 1 week candle ,rsi divergence,range shiftWipro 1w candle go long stop loss recent week candle low.
Only for education purpose
Wyckoff accumulation schematic for WiproWipro has respected perfect Wyckoff accumulation schematic and ready to breakout the accumulation zone. As per time cycle analysis this breakout could be very strong. Get ready.
Buy WiproGood Weekly closing
Heavily beaten stock
divergence seen in chart
Good R:R
Very Good fundamental stock
But wiproAccording to weekly chart analysis it take very good support from lower level so buy wipro @420 or above for target 440++ immediate target.
We can buy wipro because today IT sector become a bullish from lower.
Wipro 1 year Target aprox 2XWipro 1 year Target aprox 2X
Good opportunity to buy
Target 1 780
Target 2 1020
STOPLOSS 380
Wipro swing trading If the 20 SMAs cross the 50 SMAs on the downside, it's a good opportunity to buy Wipro, but don't forget to check the RSI. If the RSI is higher, wait or invest a small amount for tracking.
Wipro Ltd (WIPR)daytradebreakoutWipro Ltd (WIPR) DAY TRADING breakout @ 1Hr chart watch today
BUY above 408
NEXT Target 411,414,418
US NASDAQ positive sentiment today.
Wipro already got strong support @401.
Thank you
Why Wipro is best bet for long term I have shared Wipro weekly chart and marked Elliot waves considering wave 1 to start after corona crash.
If you can see the 5 waves got completed in month of Oct, 2021 where high is 739.85.
As per standard Elliot wave principle a correction after wave 5 should get completed in or around where wave 3 and wave 4 is terminated.
This is standard as per book definition of a pull back or a healthy correction.
So as you can see in the chart shared we are trading in the zone where wave 3 and wave 4 got terminated in last cycle.
I have also drawn a blue colour trend-line which is holding the downside for wipro so far.
Looks like soon it will start trading above this trend line and thats the sign of reversal.
Another sign of possible up-move from here is RSI.
RSI already shown a positive or bullish divergence and now the price should start moving upside.
Keep an eye on the stock, so far so good all the Elliot wave principle and RSI is good enough reason to start accumulating this stock in the long term portfolio.
In any case keep the strict SL of 390 on closing basis because if we get any closing below this that will violate the Elliot wave principle that I mentioned above.
WIPRO is Forming Cup and Handle Pattern. Wipro is forming a Cup Shape pattern and now its in the Institutional Demand Zone. So the Price will take an upward movement in future
Wipro - Short termWipro Looking good for short term swing with good risk reward of 1:3
with breaking of trendline and heading towards target with a pullback
wipro good apportunitywipro is a good apportunity in swing trade you can buy now from long possition
Wipro,Elliot wave ,FiboAfter zig zag correction new impulsive wave is started, In new impulsive wave 1 and 2 is completed so from here 3rd wave started and target for 3rd wave is around 496-500
How to decide Long Term Investment in WIPROThis is how I decide whether is it the right time to invest or not in this stock
1. Price to Earning (PE) - One of the best indicator to quickly decide to whether we need to go in further analysis or not. Any Nifty50 stock if you get the PE average near 15 to 20 would be the ideal time to invest. Currently, PE has fallen from 32 (between Sep-21 to Dec-21) to 20. Would still wait and watch how it performs in next week.
2. AWAP - This is an excellent tool to know what is the current value of stock with respect to a reference Low in history. If you plot AWAP at low of COVID-19 in March-20 and low of 2008 Market crash you can say that best time to invest would be between 428 and 263. The highlighted box would be my target zone for investment in upcoming days.
3. Support and Resistance - If you observe carefully WIPRO is having its major support and resistance around the square of odd number series i.e. 1^2, 3^2, 5^2, 7^2, 9^2.... and so on. With this important observation my target would be to invest 40% around 19^2 support and further 60% around 17^2 support (if it breaks the low of 19^2 support, if not then 60% around 21^2).
