WIOA trade ideas
Wipro might go upWipro seems like taking support at 0.618 level from oct 2022 till Jan 23
Also strong support range 398-381
AccumulateStock has broke a trendline
Upside movement of 15%
Wait for the candle to close above the trend line
WIPRO has fallen 48% from its all time high
fundamentally good stocks to BUY and hold for long term
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Not a SEBI registered
Trade of your own risk
WIPRO BUYING OPPORTUNITY Wipro good buying opportunity
Big target
100% sure BULL SIDE
HOLDING,
GOOD TIME FOR INVESTMENT
Positional or Longterm Opportunity in WiproGo Long above 469.7 for Targets of 496.2, 522.7, 549.2, 575.7, and 602.2 with SL 443.2
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Positional or Longterm opportunity in WiproGo Long above 396.4 for Targets of 416.5, 436.6, 456.7, 476.8, 496.9, and 517 with SL 376.3
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Wipro LongWipro is a Good stock for Value Buying.
It can be accumulated at 390 levels;
Reason:
1. Fib 0.618 Level
2. Rsi 40 Support, and back history tells us that whenever it comes to 40 support there is a buying.
3. Confirmation is above 415.
4. A fundamentally good stock.
intradaytake entry after 10 am
wait for the entry . important zones are marked
follow risk management and control your emotions NSE:WIPRO
BULLISHhas formed divergence with v pattern concept
NEAR SUPPORT AT 365
RESISTANCES AT 440,520
RISK:REWARD= 1:3
Watch For Wipro For Position TradeWipro Is Ok Triangle Pattern Making..... Watch Out For Breakout Or Break Down....Mostly It Will Break Out In Next Week As It Posted A Decent Results & Management Commentry & Future Outlook Was Also Good.
Wipro..Exit..lWipro 382. Has slipped below support and has completed breakdown retest successfully. Hence we expect Wipro will drop to 345 support..
Buying level for Wipro - 340See the long term chart of Wipro. Coming to retest its channel breakout of 340 levels. Buy here for 600 as T1 and may be new high.
Another scenario may occour i.e. restest of channel at 200 levels, which should come in my opinion if level 335-340 breaks.
Can we consider this ? WIPROWipro under strong consolidation and found to have weekly RSI divergence.
can this help wipro to reverse the trend
Wipro Analysis for swing tradeNSE:WIPRO After some gain Evening Star candlestick pattern is form . Short Sell the stock. Stop Loss 396 and as the stock is in down trend no fix target . Support at 376 .
Wipro Ltd.Wipro Ltd.
Personal Opinion
If you want better stock at a good price, then you have to dare to buy at the worst time.
1. Stock is nearly 40% down from its high.
2. There is fear of a global slowdown.
3. Favorable risk-reward ratio.
ABOUT
Wipro Ltd is a global Information technology, consulting, and business process services (BPS) company. It is 7th ranked in the world, and 4th largest Indian player in the global IT services industry behind TCS, Infosys, and HCL Technologies.
KEY POINTS
IT Services Segment (~97% of revenues)
The company's IT services offerings are organized through two global business lines:-
a. iDEAS - It includes the service lines domain and consulting applications and data engineering, R&D, and Wipro Digital.
b. iCORE - It includes the service lines cloud and infrastructure services (CIS), digital operations and platform (DO&P), and Cybersecurity and risk services (CRS).
IT Services Revenue Breakup FY21
Sector-Wise:-
BFSI - 31%
Consumer - 16%
Health - 14%
Energy, Natural Resources, and Utilities - 13%
Technology - 13%
Manufacturing - 8%
Communications - 5%
Strategic Market Units Wise:-
Americas - 60%
Europe - 26%
APMEA - 14%
Global Business Line Wise:-
iDEAS - 57%
iCORE - 43%
FUNDAMENTAL ANALYSIS.
Sector: IT - Software
Industry: Computers - Software - Large
1. Market Cap - ₹ 215,493 Cr.
2. Stock P/E - 19.1
3. Price to book value - 3.02
4. Debt to equity - 0.27
5. Free Cash Flow - ₹ 9,138 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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Wipro's Earning reveal is near so an opportunity to trade Wipro.Wipro takes support on its support level again. On daily time frame wipro have taken support from its previous support level so it is a good opportunity to go long on wipro for swing trading.
intra day trade for tomorrowthe is at last support in daily timeframe with double bottom formation
we can expect a pullback
WIPRO looks green ABOVE 397.6NSE:WIPRO can be bought ONLY ABOVE 397.6
with Stop-loss of 387.7 for a target around 421.
CASH ACCUMULATION (8 months)Wipro sustaining above important resistance level
Almost 60% return target.
Wipro India ; Study and forecast Wipro doesn't look good to buy at current level as it continued going down after some short covering .
As we can see wipro is again sending some alarming signal, After few short covering session it broken down the channel then sitting at head Nd shoulder which is yet to be confirmed.
If goes down below 380 in couple of days then it mY retest the strong buy zone between 360-370₹
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Note - This is just an educational idea not any recommendations, Investors are advised to get in touch with their financial advisor before making any investment, YAHOOOO
