But wiproAccording to weekly chart analysis it take very good support from lower level so buy wipro @420 or above for target 440++ immediate target.
We can buy wipro because today IT sector become a bullish from lower.
Trade ideas
Wipro 1 year Target aprox 2XWipro 1 year Target aprox 2X
Good opportunity to buy
Target 1 780
Target 2 1020
STOPLOSS 380
Wipro swing trading If the 20 SMAs cross the 50 SMAs on the downside, it's a good opportunity to buy Wipro, but don't forget to check the RSI. If the RSI is higher, wait or invest a small amount for tracking.
Wipro Ltd (WIPR)daytradebreakoutWipro Ltd (WIPR) DAY TRADING breakout @ 1Hr chart watch today
BUY above 408
NEXT Target 411,414,418
US NASDAQ positive sentiment today.
Wipro already got strong support @401.
Thank you
Why Wipro is best bet for long term I have shared Wipro weekly chart and marked Elliot waves considering wave 1 to start after corona crash.
If you can see the 5 waves got completed in month of Oct, 2021 where high is 739.85.
As per standard Elliot wave principle a correction after wave 5 should get completed in or around where wave 3 and wave 4 is terminated.
This is standard as per book definition of a pull back or a healthy correction.
So as you can see in the chart shared we are trading in the zone where wave 3 and wave 4 got terminated in last cycle.
I have also drawn a blue colour trend-line which is holding the downside for wipro so far.
Looks like soon it will start trading above this trend line and thats the sign of reversal.
Another sign of possible up-move from here is RSI.
RSI already shown a positive or bullish divergence and now the price should start moving upside.
Keep an eye on the stock, so far so good all the Elliot wave principle and RSI is good enough reason to start accumulating this stock in the long term portfolio.
In any case keep the strict SL of 390 on closing basis because if we get any closing below this that will violate the Elliot wave principle that I mentioned above.
WIPRO is Forming Cup and Handle Pattern. Wipro is forming a Cup Shape pattern and now its in the Institutional Demand Zone. So the Price will take an upward movement in future
Wipro - Short termWipro Looking good for short term swing with good risk reward of 1:3
with breaking of trendline and heading towards target with a pullback
wipro good apportunitywipro is a good apportunity in swing trade you can buy now from long possition
Wipro,Elliot wave ,FiboAfter zig zag correction new impulsive wave is started, In new impulsive wave 1 and 2 is completed so from here 3rd wave started and target for 3rd wave is around 496-500
How to decide Long Term Investment in WIPROThis is how I decide whether is it the right time to invest or not in this stock
1. Price to Earning (PE) - One of the best indicator to quickly decide to whether we need to go in further analysis or not. Any Nifty50 stock if you get the PE average near 15 to 20 would be the ideal time to invest. Currently, PE has fallen from 32 (between Sep-21 to Dec-21) to 20. Would still wait and watch how it performs in next week.
2. AWAP - This is an excellent tool to know what is the current value of stock with respect to a reference Low in history. If you plot AWAP at low of COVID-19 in March-20 and low of 2008 Market crash you can say that best time to invest would be between 428 and 263. The highlighted box would be my target zone for investment in upcoming days.
3. Support and Resistance - If you observe carefully WIPRO is having its major support and resistance around the square of odd number series i.e. 1^2, 3^2, 5^2, 7^2, 9^2.... and so on. With this important observation my target would be to invest 40% around 19^2 support and further 60% around 17^2 support (if it breaks the low of 19^2 support, if not then 60% around 21^2).
wiprowipro breakdown chart for next month.
The chart is below 30 day moving average. Expecting it to go down further. Exit if a candle stick crosses above moving average line.
WiproWipro looking short term negative trend as failed trendline breakout and now sustaining below 21MA.
#Wipro cash : Good support at 417 and 403#Wipro cash
22.08.2022
Support levels at 417 and 403
(Shown in chart)
All buying stoploss 400 (Closing basis)
Current price (Cmp) at 420
WIPRO - DAILY CHART - 18.08.2022 - BAHAVAN CAPITALWIPRO as per daily chart analysis
Stock Above 446 Target 453.
Happy Trading to All...
Good positional bet after 45% CorrectionWIPRO has given a breakout of the falling channel pattern and closed above it. One can buy above 445 level for positional gains.
Short term targets can be 475 and 488. Mid term target can be 525.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
WIPRO Ltd.Company:- WIPRO Ltd.
Sector:- IT
Today:- 28/07/2022
Buy @ 415
Stop Loss @ 400
Upside Target @ 445, 490 then 530
Technical:- On the daily and weekly chart smart money formed a bullish divergence chart pattern. By the way, I can tell you this is a trend reversal chart pattern. So my dear followers if you are interested you can buy this stock for 6 months' perspective, risk reward ratio is also favorable.
Disclaimer:- Dear trader and investor before taking any trade do your own analysis and consult your financial advisor because I'm not a SEBI registered advisor.
wipro got reversed just my own annalysis pls make sure i am not responsible for your loss and profits !
AGGREGATE WIPRO AT CURRENT LEVELS FOR A HIGH TARGETSstock reached the hotspot level with multiple confluences...as many as 8.......and has been moving up slowly...makes sense to accumulate the at every dip for good targets in coming days
WIPRO - BUY @ 460 - 465Wait for trend line breakout for reversal
1) first target @ 560 with 20% return
2) Second target @ 620 with 35% return
3) Stop loss @ 390 with 15% loss
Wipro LTDWipro Ltd made last botton and now going upside. This target is minimum. Wipro is moving upside
