Wipro Is looking good for short term After making a bottom Wipro is Looking Good for short term swing with the target of 453
WIOA trade ideas
Positional trade in Wipro, IT sector recovery soon?IT sector has been under performing from the last few months and the Nifty IT index has taken a major support in the range of 26300-26400.
A similar pattern has formed in Wipro which has taken it's previous major support at the levels of 400.
Since Wipro has corrected more than 40% from it's ATH, there is a high probability of sharp up move once recovery starts in IT sector.
A positional trade can be taken in Wipro with the targets mentioned in chart.
Please perform your due diligence before taking a trade and share your views in comments.
Follow for regular trade ideas. Happy Trading:)
WIPRO looking good above 431WIPRO looking good above 431.
Add to watch list.
ID. 5 SMA cross above 20 SMA
Wipro 1HJust placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
Wipro Rangebound in Box (What's NEXT?)Rangebound Full day in between 404 to 406.
Next movement is near. Ready to fly in sky - target 410 within monthly expiry.
or
fall in to retest target 400 to restart bullish journey.
WIPRO CHART ANALYSIS - 26.07.2022 - BAHAVAN CAPITALWIPRO based on 15min chart pattern as per my post 25.07.2022 was in Make or Break on 26.07.2022. Today it has broken and heading to fill the gap @ 394.
Below 401 then Target 394
Happy Trading to all...
WIPRO CHART ANALYSIS - 25.07.2022 - BAHAVAN CAPITALWIPRO As per 15min Chart Analysis tomorrow 26.07.2022 is an important day for a make or break and if stock above 417 then target 421.
Happy Profitable Trading to All.....
Wipro buy tradeWipro buy trade...price is at support level and taking support which can be clearly seen in charts... risk to reward is high ....to we should take trade
Wipro looks good for 477Buy wipro cmp 412 target 477
I am expecting short term rally in IT stock .. one may call pull back.
WIPRO - 25th July 2022Stock is under Bear control below 430 - 415 levels.
Incase bulls can push prices above resisitance zone we may see some upward pressure.
Until then prices can be choppy with downward bias
Wipro Research24-07-2022
Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis
Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company.
CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET Profit and Stock Price.
Profit of the company fall 21% YoY
Wipro is just spending on its marketing strategies for the upcoming Quarter and their Financial expenses were more than the last FY same Quarter end!
Theirry Delaport states their clients' word while supporting Wipro's increased expenses- Technology is not a cost it's an investment, it's a way to transform to improve productivity.
According to my Analysis and understanding, I think there is something big to hit at the upper level for Wipro from this point as it's below its intrinsic value and we see the economy recovering from the inflation so I believe this point would be the lowest for Wipro and it will show a very peculiar growth in Q2 as its already at the bottom of its potential in the stock market after looking at its Stochastics NSE:WIPRO
Wipro Short on 25-7-22Wipro daily has taken a ressistance on the magic bands (20 MA Low) and Can fall down 10-20 points.
#Wipro cash : Looks good above 420.10#Wipro cash -Positional call
21.07.2022
Looks good above 420.10 and dips 413-415
Stoploss 403
Target 438-442/470
Cmp 414
(Expecting strong bounce)
wiprowipro chart price cross 2 and 4 line channel and rsi or histogram divergence
buy 413
stoploss 390
longterm
postional 500 target
GO LONG ON WIPRO SHORT TERMNSE:WIPRO
THIS IS SHORT TERM TRADE .
INTRADAY TRADE OF TARGET 414 OF 2 %
There is daily support zone and next resistances zone on hourly chart is 414
The SGX nifty is also up 100 points which indicates bullishness in market .
For short term confirmation the stock is above moving average 20 which means the trade is correct .
A stop loss should be maintai n below 401 of 399 .
This is for educational purpose.
Wipro Hammer-Learning In wipro hourly time-frame there was a formation of hammer.
SL mentioned in chart.
1:1 target achieved.
Divergence are positive.
WIPRO ACCUMULATION CHARTS FOR IT LOVERSWipro continusly breaking important and good supports so i made an accumulation chart for wipro for information technology lovers
Wipro might take reverse from this time. 17july22.Wipro has one residence in the past @383 and it could become the support this time. If it takes reverse from here then we may book some profit.
entry@411
stoploss@374
target@444
Note: This is only for educational and learning purposes. Trade at your own risk.
WIPROBearish 🐻 pennant pattern structure formed, wait for the trend line support or resistance level breakout after entering the trade
Short Covering Started GO FOR LONGIT sector fall is now pasue and turn to shortcovering buildup and come month started to upward journey.wipro taken support downtrend . entry @480-500 tgt 550,610,680. stoploss weekly closing 440 .its my view and educational purpose not recommend for trade.
