WIOA trade ideas
NSE WIPRO (WEEKLY)Price at 3 supports.
Fibonacci
Gann
Horizontal
Next couple of weekly candles will decide direction of price.
Consolidation might happen in 23.60% and 38.20% levels.
Look for Investment opportunities.
Closing candle above 23.60% level will indicate some bullishness.
Although current candle closed below 2/1 line, lets hope it doesn't test 3/1 line very soon.
Wipro Chart Analysis !!📈 Wipro 📉
My Findings :-
1. Breakdown of Support Zone 525-530.
2. Close below Nine Month Low.
3. Whole IT Sector is showing Weakness.
Bias- Short
Target- 460 and 399
SL- 543
RR- 1: 4
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Wipro Looks good for Long at 510NSE:WIPRO
Wipro looks good for the long trade , can be bought and held for the one month for 10% app return . CMP is near the demand zone. SL 475 or as shown in graph.
Disclaimer: This is for training and education purposes only, the author may enter in trade, take your own decision , This is a trading idea, not an trading or Investment advice. Consult your financial advisor before investing.
WIPRO | FALLING WEDGE🔴 Falling wedge pattern is being formed.
🔴When diagonal support and straight line support meets it will become a stronger one.
🔴Price will try to go up from the current support.
🔴If it fails to hold it may go sideways for re-accumulation phase
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
Wipro monthly chart, Very bearish, Big question mark Wipro monthly chart, looking very bearish
in 7 months saw very unusual growth which was 90%, Some would say that stocks can go up like this 90% in 7 month it's easy, yes operator stocks can increases like this, but of good quality stocks like Wipro index stocks didn't grow 90%, this had never happened before, let's say this time this happened because of covid information technology companies was on boom, but now this also has to be accepted that now there is no covid major impacts, so what now stock is going on towards its real valuations ???
Long Call to Buy WIPROThe current fall in NIFTY-IT index is leading to fall of a lot of quality shares in Indian stock market. Wipro currently is coming down to an attractive levels of 500!!. The current fall in share prices is expected to make it go at 480-500. Anyone who has taken Wipro should hold untill 480. Also for those who want to add should wait for reversal from 480-490 levels. The targets are attractive for both short and long term investors.