Wipro looking bullish and it has formed an ascending triangle pattern. Where we can see the target of 550 to 580 range once it breaks the ascending triangle break line. Disclaimer- Its only for education purpose and not trading recommendation.
1 : Up Trend 2 : Indicators are Positive 3 : close above Pattern Breakout Point 4 : Volume confirmation 5 : Follow The High and Low as per the above table Given 6 : Qty mentioned in terms of 3 lakh value 7 : Target Give as per Low to High and High to Low Swing %.
A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:WIPRO The shoulder is exactly at 0.236 fib retracement level. and the target is nearly at 0.50 fib level. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per...
Wipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
What is a Cup and Handle Pattern? The cup and handle pattern is a bullish continuation pattern often seen in technical analysis. It typically signifies a temporary consolidation followed by a resumption of the uptrend. The pattern resembles a teacup with a handle, hence its name. The cup portion forms a rounded bottom, while the handle is a smaller consolidation...
Wipro has taken resistance around 500 levels as seen on chart. 483 is support staying above it must. 493 is momentum level above it 499/503/507/511 possible....
Buy Abv 410 SL 375 Target 444, 488, 530. Need to close in Weekly timeframe with breakout candle.
Both in Secondary and Minor Trend the stock in UT. Now in the Inverted H&S formation. In Fib Rt also, the trend is in second level of support, ie., still in bullish control. If this Pattern formation continues, the TARGET would be around 700-718.
Stock has consolidated good and started making higher high , trend continuation expected if the level are maintained . A classic round bottom in formation , immediate short term trade trigger could be the break of triangle for a good bump .
According to the previous one year WIPRO LTD following a strong trendline its very strong never breakout whhowing from previous one year and its showing Retracement following at marked Circle lables a suittable stock for longter as well as sort term treaders for buyers its a perfect entry point at 470.00 label expected target must be higher than this years high...
downtrend line Breakout in Wipro and retest with strong body
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Excellent chart pattern.. 1. Made high in year 2000 -- 350. 2. Traded in a channel for a long time and broke out of 350 resistance. 3. Made high of 700 -- Exact 2x. 4. Dropped back only to get support at exact 350. Bullish engulfing on Monthly time frame Risk: Reward a mouth watering 1:8 WIPRO announced Shares buyback.
WIPRO has given a clear breakout on the weekly chart and looks good. WIPRO CMP:- 467 Targets :- 476/520/616 Stop :- 425-427 levels. (WCB) Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Wipro is out of the consolidation phase almost 1.5 years of consolidation good volume breakout