Trade ideas
WIPRO - Weekly AnalysisIn the Weekly Chart of WIPRO ,
we can see that; after continuous selling, we saw a W shape recovery at bottom.
Also it has taken its support and shown an up move..
Also, it has respected the cross Trendline multiple times.
Let it create a Halt or Red candle next week, then we can enter with SL and Target.
Wipro bullish reversal patternWipro on 1H time frame
Respected Support ✅
Retest ✅
Pattern on 1H : Bullish Harami completed (2 candles)
0.10 points away from completing bullish pattern 'Three inside up' (3 candles)
ENTRY : At CMP
Target: 387 - 390 (short term)
Disclaimer:
I'm not a registered financial advisor.
All information found here is for educational purposes only and should not be construed as personal investment advice.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this published idea, expressed or implied herein, are committed at your own risk, financial or otherwise.
Trend Reversal - WiproWipro is seen may have turned the downside trend now and is bouncing back and stock has turned positive in super trend also so one can look to buy stock for 450 levels where stock has announced buy back with a stoploss of 373
PS - THIS IS JUST FOR EDUCATIONAL PURPOSE AND ONE SHOULD CONSULT ITS OWN ADVISOR BEFORE TRADING AND SHOULD TRADE ON ITS OWN RISK
Bullish flag pattern breakout in WIPROWIPRO
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 420+.
✅Can Go short in this stock by placing a stop loss below 395-.
Wipro Smart Buy Wipro In the weekly time frame is on last week's brake flowing wage pattern.
this week it was breaking it with the ( High Volume +15.50 ) this is a very positive sign for Entry on the Wipro
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CONDITION ONE - Price will hit 443price after that the next target is 495price is the 2nd Target If the buyers are taking more interest in it Or Wipro's more positive News is also helping to push the price to the Next level AND upcoming next week's price will take a Headly retest 392price level zone after that it will More volume bullish and hit August high.
CONDITION TWO - Price will go up for some time and after that, all buyers enter the market after that seller volume is coming and trap all the buyers who already enter the market seller can hit all the buyers stop loss, and push the price down.
So, it is a good time to Enter the Wipro But this is up to you what type of trader and Investor you are
ACCORDING TO ME - I will take the position you see on the Chart and I also give you my SL and TP
History Repeats for wiproLooking at similar pattern in 2001 , It is repeating now in 2023.
So this can take a while to hit the ATH , so its really tough time for investor for who bought at high price. but as the inflation is high and considering the % of Breakout the consolidation range can be shorten then the previous pattern. So in upcoming days if the trend line is broken it can go up to 300 in worst case even below that. and can consolidate with in a range.
WIPRO - #intraday Chart Analysis || 11th May,2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 11th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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