WIOA trade ideas
WIPRO LTD.NSE:WIPRO
WIPRO LTD.
DATE - AUG 15, 2021.
3rd INFORMATION TECHNOLOGY(IT) HEAVYWEIGHT OF INDIAN STOCK MARKET.
TECHNICAL ANALYSIS.
1. Stock making continuous NEW HIGH.
2. Stock create a STRONG SUPPORT NEAR 600.
3. ALLIGATOR gives buy signal.
4. SUPERTREND gives buy signal.
5. HIGH DELIVERED & TRADED Qty.
6. Stock traded ABOVE MA 21/50/100/200/250/300.
FUNDAMENTAL ANALYSIS.
SECTOR: IT - Software
1. MARKET CAP - ₹ 3,37,248.63 Cr.
2. P/E - 34.87
3. P/B - 7.22
4. ROE - 22.06%
5. ROCE - 25.52%
6. EPS - 17.65
7. DEBT - ₹ 5,815.20 Cr.
8. CASH - ₹ 9,783.20 Cr.
9. Very high Promoter Holding - 73.02%
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
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Wipro Buying PressureWipro flag breakout seems in daily time
in with fresh new high leads bullish may continue
Wipro - Breakout stock🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
How to Execute the Trend trading system?Look for Low risk, High reward, and High Probability setups. – Richard Weissman
Scenario
Many traders get destroyed by fighting the trend, insisting that the market is due to reverse itself or they try to chase the market. They may try to catch short-term countermoves in hopes of making a few quick points, or they may always look to catch tops and bottoms in hopes of capturing the big moves. All these traders end up trading against the longer-term trend and against the odds.
How to find low risk, high reward, and high probability setups?
Use of Trend Following indicators for High Probability trading
A-Use of Moving average.
If you just jump into trades because the market is trending, you will be guilty of chasing the market.
You have to remember that the market will never go in one direction nonstop, the market typically congests or retraces after a strong move.
When the market is trending and you are looking for a place to get in, wait for it to retrace to one of the moving averages or trendlines. When the price is just riding on the moving average or trendline, your downside risk is smallest because you know you will be out as soon as it breaks the line.
B-Use of ADX (only for conformation)
The ADX does not tell you the direction of the trend; it only tells you if there is a trend and measures how strong it is. On its own, the ADX lags price action and is not a great indicator, and so one should not use it to trigger trades. Instead, it should be used as a way to get confirmation of whether the market is trending or choppy and how strong it is .
The level between 20 and 30 is considered neutral. The higher the level, the stronger the trend. When it is rising, one should trade only in the direction of the trend. When the ADX is below 20, you can consider the market to be choppy and range-bound, and a trending system will not work well, resulting in whipsaws.
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX, the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Closing Words- A successful trader will trade primarily in the direction of the major trend, waiting for retracements to get in.
Simple Trade Setup | WIPRO | 03-08-2021NSE:WIPRO
As per earlier levels it was giving good opportunity to buy any deep above 580 levels and on 02-08-2021 it gave good breakout.
My personal view is bullish so I am only giving upside target.
Do comment your suggestion or doubt.
Wipro13.8.2021
615 B
Channel breakout.. + MACD trigger
Major trend: Weekly and MACD showing strength
wipro intraday viewbuy @608, SL-604, TGT-613/614
Sell @603 SL-607, TGT-598
make or break point for Wipro, watch these levels, and enter as per predefined enter
Wipro (1W)A very clear pattern of breakout and retest (buy on dips) can be seen in Wipro! But, with every breakout volumes are fading away along with a probable formation of negative divergence on RSI.
So, price can again come back to the mark Monthly Demand Zone once for further ATH.
Pivot Reversal Levels:
- Buy above 608.95
- Sell below 565.35
WiproExcellent Buying opportunity for a swing trade in Wipro.
Reasons -
1) Rsi Taking support at 40. (Those who follow Unconventional RSI of 60/40 can understand this) Weekly and Monthly Rsi above 60.
2) Making a Hammer candle on the daily chart can be a reversal sign.
3) Stock at strong Support level CIP at 527.
4) Buying only if on Monday stock opens above 531. SL will be 527 on a closing basis. Targets will be 550 and 560 for swing.
( Good Risk to rewarded trade with very small SL can be good profitable trade)
5) Grandfather / Father / Son strategy. Based on RSI and swing
6) Results are going to be on the positive sign for this quarter.
Share your thoughts in the comments to know more about CIP/ RSI strategy and if any doubts.
Wipro Intraday or very short term swing tradeWipro is moving in a channel at 1 HR timeframe. Great Buy would be above 594.5.
Wipro - Bullish breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
WIPRO TARGET Achieved | Trade setup for 26-07-2021NSE:WIPRO
TODAY, 23-07-2021, WIPRO gave a dip at 584 level, which was our marked level and that dip was buying opportunity.
As mentioned in my last post any dip above 580 will be a buying oppotunity.
Now, what next?
Any dip till 594 or 589 level will be a good buying opportunity. Short term target will be 615.
For Intraday target it will be 607 at max. And bonus target can be there if it continues strong bullish trend if it takes support from 607.
All these mentioned level will work as support and resistance on particular day based on how price action are working near that price level.
Do comment, if my ideas are helping you to understand the price action and levels.
Have a happy weekends.
Also do comment, if you have any doubt.
Wipro price doubled in just 10 month but after a long consolideWipro price doubled in just 10 month but after a long consolation of two decades. Big moves after big sluggish
