Right time to invest in WIPROIn weekly chart we can see after double top price was fall. And whole 2023 reate a strong support at 441.70.
Very Strong Support - 441.70
Now 464 resistance level is breaking. If we see this week creating a red candle but volume is good and as expected price will go higher and touch 500 within couple of month.
It Creating cup and handle pattern.
If we see very carefully couple 7 consecutive 7 week creating green candle with a good volume.
It's a good sign for investor.
Trade ideas
WIPRO
Prices have broken out of its medium term consolidation phase where it was been capped below 420-450 zone.
The MACD has given a bullish signal by going above trigger line.
Monthly RSI has also bounced from Oversold level.
Long Term Uptrend is expected to resume, wherein initially we can expect a test of previous all time high of 740.
Bullish outlook remains intact as long as price is above 420.
Swing trade for 6-12 months🚀 Exciting News for #WiproStock 🚀 After 540 days of consolidation, Wipro is set to soar! 📈 Reverse from the 0.61 Fibonacci zone, breakout of the supply zone, and breaking the 0.5 Fibonacci level. 🌐 This looks like a promising setup for a 6-12 month swing trade with a solid risk-reward ratio. 🎯 Don't miss out on this potential winner! 💹 #StockMarket #TradingOpportunity #SwingTrade #Wipro #Investing 📊
🚨 Disclaimer: Trading involves risk, and past performance is not indicative of future results. This information is for educational and informational purposes only. Make informed decisions and consult with a financial advisor before making any investment. #InvestResponsibly 🚨
wipro swing ideaWipro is trading at 434 right now.
On the daily timeframe, it is trading above the 20 and 50 EMAs with rising volume support.
Levels of immediate support are 425, 420, and 410, respectively.
Upward movement is anticipated if these support levels are maintained.
Levels of resistance are 444–460 and 470.
This is my personal view. please study and do your own analysis before taking any positions.
WIPRO - getting ready for the upmove, but i will wait & watchNSE:WIPRO
cmp is 462
getting ready for the upmove, but i will wait & watch
i expect one more dip towards 400 and then the upmove should start
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.
Buy Opportunity in Wipro1. The stock halted its downtrend, finding support and consolidating at the golden ratio of 61.8%.
2. Following the consolidation, there was a significant volume breakout on the weekly chart.
3. This breakout aligns with the characteristics of an ascending right-angle triangle pattern.
4. Notably, the stock rebounded from the trendline support, previously a resistance in the prior trend.
WIPRO-MULTIYEAR BREAKOUTMy outlook on #Wipro
CMP AT 462
Breakout from resistance level
Good volume rise
Monthly resistance also get broken
Good fundamental stock
Target 520|615|720
Good for #investing
High potential stock
#BreakoutStock #wipro
Note: Not a stock recommendation. Educational purpose only
Wipro looks Attractive, Institutional buying, Bullish IT SectorWipro looks very attractive..
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. High Reserves vs Low debt. Promotor + FIIs + DIIs holding increased.
Technicals : Technical strong reversal indication with increasing weekly volumes..
R 1: 530
R 2: 610
R 3: 720!
S : 350
WIPRO READYY FOR RALYY!!!!
Wipro Is Facing In Monthly Chart Exactly At The Black Line Which Is Around (413-414) Rs Wipro Needs To Cross This Price Before It May Go Further So Keepur Eyes On Breaking Of This Price Point.
(THIS IS JUST AN ANALYSIS DONOT TAKE IT AS AN ADVICE FOR BUY OR SELL IM NOT SEBI REGISTERD ANALYST)
WIPRO - Ichimoku BreakoutStock Name - Wipro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 466
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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