Buy wiproMay be wipro have a bullish pattern and buy its call of rs 400 near 9-10. And wait for target of Rs 30-
Trade ideas
Buy wiproBuy wipro call option of Rs 420 @ 4.5-5.5/- and wait for a target Rs 9-10/- for next 3 sessions with a stoploss of Rs 4/-.
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.
the role reversal A g8 example of support becoming resistance and vice- versa. The stock is now headed for 607.
WIPRO - WatchlistWIPRO - After months of downtrend and consolidation, forming an inverted Head and Shoulder pattern.
Any breakout on this will give good returns - first 440 -490-550 levels.
CNXIT is also on the rise, this should help in gaining some momentum.
Add to watchlist, for further study.
Wipro: Strength in IT SectorThe price structure analysed on multiple parameter for better understanding.
Weekly Chart
✅stock corrected and reinstated to fib 38.20%
✅strong base with rounding bottom
Daily Chart
✅triangle breakout with volume
✅golden crossover confirming strength in stock (50 & 200 ema)
✅price consolidating after the breakout
Index - Nifty IT
After a year of range bound consolidation, index showing solidarity and possible breakout.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Technical analysis of WIPRO - Feb'24Action Plan - Entry can be made now keeping the gap zone of 465 as stop loss with target as per resistance zones above and risk bearing capacity of the individual. As Nifty IT and Nifty are at respective all time high zones, strong position sizing is recommended. It is also a good time to accumulate for long term investing at current levels.
Note - For educational purposes only.
WIPRO TARGET 607 STOP LOSS 528Script is brekaout in the weekly from the resistance of 528 with good closing . If it sustains above in the range of 528 and crosses 548 then it will reach the long term target of 607.
WiproAn 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 YearsWIPRO 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.
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. :-)
#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- LongWipro 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.
Buy With Stoploss1 : 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 %.
Wipro Emerges from AccumulationWipro 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.
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 HOURLY GANN LEVELS CHART 12 FEB 2024Wipro 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
Buy Abv 410
SL 375
Target 444, 488, 530.
Need to close in Weekly timeframe with breakout candle.
INVERTED H&S FORMATIONBoth 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.
