Wait to set trend in WiproWhen wipro breakout / breakdown the chart then we decide what to do next buy / sell.
WIOA trade ideas
Intraday/ very short term trading ideaThe logic to go long is written on the chart. Also the MACD indicator is showing signs of bullishness. Though I don't rely much on it as it is a lagging indicator
Expected targets : 576
S.L - As per your risk taking ability but try to keep it at 1.2 or higher
Suggestions and any comments are welcome.
THIS IS CHART OF WIPRO.There are 12345 Motive Waves completed in this chart. and wave A is also complete, wave b and c are being formed.
Wipro - what Next ?Wipro 560 - As huge accumulation could be seen in charts, We expect Wipro could move to target 620 with support 545.
Wipro chart analysis This is just for educational purpose and no buy or sell recommendation.
Chart is self explanatory.
wipro 30 minslooks good above 590 trading in channel can set targets accordingly and add more on bo of channel
do your own analysis before trading
Only for study purpose ... Whenever price goes up trail your SL as low of swings.
Buy on CMP ...SL, and TGT as shown in the chart.
about elliot wave All the rules of elliot wave
1. Wave 2 can never retrace 100% of wave 1
2. wave 3 can never be shortest
3. wave 4 can never get into the price territory of wave 1
if they do not match then you are not placing the waves correctly
Magic of waves Route map for next move . If u like this study please follow , share like comment below
📊 #wipro Swing Opportunity #niftyit 🎯NSE:WIPRO
As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 547.35
SL :- 522 (Closing Basis)
Target 1:- 569
Target 2:- 586
Target 3:- 605 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
WIPRO [HEAD AND SHOULDERS]The head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
Disclosure : I am not SEBI registered. The information provided here is for Education Purposes only. Consult your financial advisor before taking any decisions
WIPRO FOR 31 JAN 2022NSE:WIPRO
Wipro analysis
INTRADAY level are provided
IF IT BREAKS ITS SUPPORT WITH HEAVY VOLUME THEN SHORT FOR 520
THANK YOU
HAPPY TRADING
Elliot Wave View: NSE WIPRO (Long)NSE:WIPRO
January 27, 2022 NSE: WIPRO by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of WIPRO Cash NSE.
Elliot Wave View: WIPRO Should favor flat Correction lower
Wipro Limited operates as Information technology, Consulting & Business process services company globally. It operates through three main segments, IT Services, IT Products & India State Run Enterprise Services. The company is based in Bengaluru, It comes under Technology sector as Information Technology services Industry.
Next key Support zone for the stock is @ 522.6
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
WIPRO TRIANGLE PATTERNAS WE CAN SEE IT HAS FORMED TRIANGLE PATTERN,if it consolidates more between triangle, THEN GIVES BREAKOUT WILL BE MORE STRONGER AS CONSOLIDATION RANGE WILL BE MORE POWERFUL,lets watch for strong breakout tomorrow
