WIPRO trade ideas
Wipro Brackout ConformationThe Wipro Daily Chart brackout Conformation. You Can Buy this share to Stop loss of 20 Period Moving Average.
Wipro 527 - BearishWipro 527 - Bearish. Double top and Divergence in MACD suggests bearish below 527 for target 493.
Wipro Expiry Game !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Reward is 5-7 times .
WIPRO CHANNEL RANGEHERE I SEE THAT (THIS CHART TIME FRAME IS 1 HOUR) IN 1 HOUR TIMEFRAME WIPRO BREAKOUT THE CHANNEL NOW IT CREATE A NEW CHANNEL IN 1 HOUR TIMEFRAME HOPE THIS CHANNEL IS TRADED WHEN IT COMES DOWN WE BUYING AND WHEN IT GO THE UPPER TRENDLINE WE SELL. THIS IS MY VIEW IN WIPRO.
Trainglepattern analysis in the wiproIn this chart you can see the multiple touches at the top side which has been show by red bars are the resistance where the market get retest multiple times. In this you can see when the market came at the point where trend line has been drawn the candles respect the trend line and return at the down side. Same as the bottom side the green bars shows the rejection at the bottom side, where the market respect the trend and the market moves at up side. The multiple touches at the both side in the traingle shape is called trainglepattern.
In the chart you can see at the top side where the candle has been cross the trend and retested and became support which respect the trend and continues to move at the upside. The movement of the candle at upside called the up trend.
Formation of SPINNING TOP CANDLEformation of bullish spinning top after bear candle indication of trend reversal and you get near 10-15%.. with 3 4 days
NSE:WIPRO
Wipro is weak below 508 Resistance tomorrowWipro just broke its Hourly trend line and looking weak.
Short at or below 508 with SL above last swing high for a target of 1:3
WIPRO Cup and Handle in 5 Mins.Wipro formed Cup and Handle in 5 mins time frame. One can enter 520 CE May Month Contract @ 7.50 for the
TARGETS 10/13/16++
SL 6.50
WIPRO STOCK TARGETS 520/527/535++
SL 511.50
