An inverse head and shoulders pattern is also a reliable indicator, signaling that a downward trend is about to reverse into an upward trend.
WIPRO Monthly chart shows 2X possibility in next 2 Years. Wipro has been following monthly channel since 2003 ... 20 Years & will try to be with in the channel range for next few years. LTP - 543 SL - 375 Target 1200+ Risk Reward Ratio - 4 Happy Investing.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Wipro looks a like forming a rounding bottom pattern. If it manages to sustain above the 400 mark we can see a good upside and coming 6 months to a year we can see a good upside and maybe touch the 700+ level. It is just my view, request you please do your own study before any trade.
NSE:WIPRO cmp 543 WIPRO gave a breakout on weekly chart at 450-460 zone in Dec 2023 made high of 529 and made a small pull back in Jan-Feb then yesterday broke out above 529 and now heading towards 1st tgt of 615 expecting a pull back at 615 region and then will move on towards 730 The objective of this analysis is knowledge sharing and education. There isn't...
#wipro lately has been giving wild moves and many people including myself are wondering why. I may not know the exact fundamental reason for the move in wipro but as a technical analyst i can share my POV on Wipro technically. 1. Wipro has given a major breakout in the weekly timeframe. 2. After a prolonged period of consolidation in the likes of more than 1...
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....
Wipro looks bullish on bigger timeframes & can touch its All Time High of 740 with an SL of 448.40
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.
Hi every one one IT strong bull boom Wipro 500 ce fab wipro 520 ce march rocket
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 .