Amazing breakout on Weekly / Daily Timeframe - WIPROCheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
WIOA trade ideas
#Multibager from ITWipro 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.
WIPRO - heading towards 615 and then 730NSE: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 any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Wipro Long Term Breakout Explained#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 year, 528 days to be exact wipro has broken out of a range and is right now in the middle of a rally.
3. The next possible resistance for wipro is 600.
Happy Trading,
Yamini Prabu
NISM, NSE Certified TA,
Independent Trader/Trainer
Wipro (NYSE: WIT) - A Potential Cup and Handle Pattern Emerging?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 near the highs.
📈 How Might Wipro Move?
If Wipro indeed confirms this pattern, it could indicate a potential bullish breakout in the near future. Traders might look for a decisive breakout above the handle's resistance level as a signal to enter long positions. The projected price target can be estimated by measuring the depth of the cup and adding it to the breakout point.
🔍 Key Levels to Watch:
Resistance: Keep an eye on the upper boundary of the handle for a breakout confirmation.
Support: Previous lows within the cup formation may serve as support levels in case of pullbacks.
📅 Stay Updated:
As always, it's essential to combine technical analysis with fundamental research and stay updated on company news and market developments.
🚨 Risk Disclaimer:
Trading involves risk, and patterns may not always play out as expected. It's crucial to manage risk carefully and use appropriate risk management strategies.
Keep an eye on Wipro's price action in the coming sessions to see if the cup and handle pattern confirms, potentially signaling a bullish continuation. Happy trading! 📈💼
WIPRO COMPLETE MERKET CAPAccording 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 {529.00}
means it must be like 580 to 600 for long tearm
if the trendline shows any breakout then wipro will be fall like crash
following the circle as support leble
follow for more
thanks you
Wipro sell given on 22 jan next Target 430-425On 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Wipro ready for fall to 428 and 390On 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
WIPRO Longterm viewExcellent 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 |STRONG BREAK-OUT | LONG-TERM 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: Long-370 SL-357 This Stock has taken a good retracement of 61.8% and now it is sustaining at the said level. I am expecting it to come down further to 368-370 range where I am planning to enter if it shows some sign of bullishness on daily timeframe with a supportive global markets scenario. I would have SL for this trade @357 and expected targets would be 411..445..479..500..