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Wipro Limited

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WIPRO trade ideas

Wipro showing bullish strength.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 bullish trade can be entered with a target of 525 for intraday. Target levels :- 525, 533 Entry:- Above 520 If there is a gap up opening in the stock and it comes to retest the break out levels. A bullish trade can be entered after confirming the price action. Double break out will be there in the stock. Positional/swing trade can also be created, if the stock closed above the levels on the daily front. Wait for the price action near the levels before entering the market.
NSE:WIPRO
by TheMamboMomentum
1
Investment PickWipro (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. Now, we expect this stock move further and give fresh rally above 738.50 for the upside targets of 1293 and then to 1875 in the coming years. On the negative note, if it fails and the price break below 352 and close below 352 on the daily closing basis. Then, we can expect more downsides move in it and could give panic situation till 159.40. Trade or make investment as per the given levels only.
NSE:WIPRO
by aryan6763