Trade ideas
WIPRO BULL REVERSAL SETUP NSE:WIPRO
Wipro Ltd. is a global information technology, consulting, and outsourcing company, that engages in the development and integration of solutions.
Technical Analysis
= Ended Elliot Correction wave at major support Zone.
= Formed a doji bar on daily chart and 5 day consolidation range.
= RSI and stochastic are rising from below.
= The Nifty IT sector is also forming a range that possibly can break out in upcoming sessions.
- Entry is above range marked on chart
- Stop loss is below the doji candle Formed at support zone.
Next resistance zone is 400.
Study chart for visual view.
Keep learning
Happy trading.
Wipro: Bullish Momentum Emerges, Indicating Potential Upside
Wipro appears to be transitioning into an uptrend, supported by favorable technical indicators and increasing trading volume. This suggests a potential buying opportunity for swing traders.
Technical Analysis:
Price found support at 38% Fibonacci level.
RSI moved above 60, suggesting rising buy pressure.
Increased volume confirms bullish sentiment.
Trading Strategy:
Buy Wipro above 408.6
Target: 416
St
op-Loss: 397
Disclaimer :
This is a trade idea, not financial advice. Conduct your own research before investing.
I m neutral now on it sector 😱After very long time down trand now some stocks are Basebuilding wipro is one of it.
If I m not wrong downside is very very low my maximum stoploss of long term investment is just 350₹ , hardly 2 % risks investment time 2 to 3 year's.
As per t. A. 4 bottom and up. It's very good
WIPRO AT CONSOLIDATE ZONEWIPRO AT CONSOLIDATE ZONE ,
Large Cap Stock consolidate from Aug 2022 in 444 to 352 zone. current price is 388, it also made higher Low formation. I think good time to enter in this stock it can touch 430 first after sustain and breakout above 450 it can tocuch 550-600 price range in next quarter.
$NSE:WIPRO SIP when others are fearful for long term WealthNSE:WIPRO SIP when others are fearful for long term Wealth creation. Bargain price.
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling channel
📌 Symbol/Asset: WIPRO
🔍 Description: Stock has given the breakdown of support. And now around the support of Falling channel. We might see further upside if support is held.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
WIPRO - Bullish Swing ReversalNSE: WIPRO is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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