WIPRO: 1 Year Cup Ready WIPRO has formed over a 1 year long cup and is poised for breakout and if can sustain. It has fallen over 50% from top and regained 25% from bottom already. RSI is high.
WIOA trade ideas
wiproweekly chart..... a daily closing above 420 can be good (if its able to break the range of the box ) sl can be 410 for targets t1 t2 and t3 as shown in the chart
WiproWipro
For now Trading between important Resistance and Support zones
One can accumulate dips 425
SL can be below 416
Trending moves may come only if sustains above resistance of 443
Then we may see targets of 480
Wipro analysisYou will full satisfaction when you did the anaylsis and its work according to the same. 😇
This how i was predicting wipro and right now its going on the same direction.
wipro share analysiswipro fall from top in elliot wave
and do Abc
correction we can see retracement upto 540
WIPRO Long for the target of 465With the pattern found in Day chart , Wipro is inching towards the target of 465- 470.
Can go for long with clear stop loss of 430
All Good till 450Weekly Breakout
Daily candle also looks good.
Head and shoulder pattern observed on 15 min candle.
Wipro building the buy momentum📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈
💡 Rationale for Selection:
📊 Technical Analysis:
Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈
Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄
MACD: Expected bottom-up crossover; MACD line (1.3) expected to cross Signal line (2.32) confirming a bullish bias. 📈
Stochastics & RSI: K=23.18, D=9.03, showing the stock has reached oversold territory and is in a position to bounce back. 📈
Percentage R and Fisher 9: Indicate an uptrend is likely in the next 1-2 trading sessions. 📈
📰 Market Indicators:
A surge in IT stocks recently. 📈
Mutual funds are showing increasing interest in IT stocks, expecting a boom. 🤝
🎯 Trade Parameters:
🟢 Entry Price: ₹416.25 (0.382 Fibonacci Levels)
🎯 Target Price: ₹422.20
🔴 Stop Loss: ₹41.75
#WiproLimited #StockPick #TechnicalAnalysis #Fibonacci #MACD #Stochastics #RSI #MutualFunds #ITBoom #WeeklyStockPicks #InvestWisely
📋 Disclaimers and Disclosures:
Risk: Investing in stocks is subject to market risk. Please consult your financial advisor before making any investment decisions. The information provided is only for the education purpose and should not be considered as an investment advice or as stock recommendation. You are requested to take due diligence on your own accord and consult financial advisor, research analyst or a broker before acting on any information on it. We do not confirm any validity or correctness of the information and might change our viewpoint on the stock anytime, as per our discretion and research.
Disclosure: This analysis is purely based on technical indicators and market trends as of 1st September 2023. Past performance is not indicative of future results.
Conflicts of Interest: We may or may not have any vested interest in Wipro Limited as of the date of this report.
WIPRO: BULLISH 450NSE:WIPRO underperforming for past one year, as of weekly time frame, wipro touch crucial support.
If weekly candle cross the trend and closed above it. Take position and fix a stop loss at 380. Target 450.
buy alert for wipro buy price 425
if you can see then you will see that consolidated time is over now breakout done
LONG - Once the channel breaksIts a half way return strategy. If the channel breaks with good volume good to go for long
#Wipro cash : Rounded Bottom Formation Tgt 1000#Wipro cash -Positional call in 15 months
04.09.2023
Previous call was
@414
on 18.07.2023
Fresh call once Close above 445-450
or
Around 410-425
Tgt 900-1000
Cmp 434
WIPRO BREAKING A TRENDLINE RESISTANCEWIPRO breaks trend line resistance
huge volume good rsi
trading above all key ema
target can be 600+
educational idea only
Wipro Head & Shoulders PatternsWipro is forming Head & Shoulders Patterns on weekly charts.
Resistance breakout
IT Index in Bullish Trend
WIPRO | Investment Pick📊 Details
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Wipro Stock long time investment 6 to 12 monthHi every one wipro
buy for mutual fund
SIP
wipro and ITNIFTY is bullish
I am heer to help you
WIPRO LONG TERM INVESTING OPPORTUNITYBullish on Wipro for the long term coz:
1. Rounding Bottom Pattern in Weekly TF.
2. Crossing 200 dema
3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on
4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline
**BUY @ 417
**SL @ 395.75
**TGT 1 @ 610
**TGT2 @ 720
**Holding Period is approx 1 yr
**RR:13
**Growth Potential 72%
** Note: In rounding bottom pattern, speedy growth happens in the later phase, do not exit early. You can trail your SL but not very tightly as rounding bottom pattern may give deep pullbacks that may through you out of the trade.
Consolidated a Lot - Showing Bullish reversal signs now!The stock is making higher lows and volumes are picking up.
One can buy above 426 level for intraday 0.7-1% move and carry positional on day closing basis for first target 443. This is a strong resistance zone. Once this is broken next targets would be 460 and 475.
RSI also shows a bullish divergence.
Learn & Earn,
Dr. Tanya Kumar
Trend Reversal in Wipro1. Wipro recently broke the Bearish Trendline.
2. After that Stock is Forming "Higher Highs" and "Higher Low" indicating Bullish trend.
3. Momentum is also supporting the Trend as per MACD.
4. Recent price action shows Volatility Squeeze by formation of Pennant.
5. Buy Trade can be initiated with stop loss of 400.
Bullish Alert !!Exciting Bullish Pattern Alert!
📊 Pattern: Rising Channel
📌 Symbol/Asset: Wipro
🔍 Description: Stock near support level.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Wipro- Looks to get back on track.Buy between- 400-410
Keeping SL- 395 on closing basis.
Target- 423, 432, 440.
Note- Only for educational purposes.
At important junctureThe level today seems like a possible high resistance area. A rejection & a break down from here could lead to a lower levels.
But a break out from here could again catapult to higher ranges.
