wipro weak on daily time Frame analysed on 11 oct 2021
indecisive candle with high volume near 20 sma
indicates higher possibility of down side movement
if next day gives us confirmation
previously at resistance stock has
analysed on 11 oct 2021
WIOA trade ideas
short squeezeu will find levels on the chart.lot of shorts r built in this scrip,slight upmove will make shorts to cover their position.
Earnings Break - Impulse & Trend AnalysisAs can be clearly observed, in the 5 days before and after Earnings Declaration by Wipro, Share price moves at least 10% upside. Last day it was up 3%, which might be the start of this earnings break upside. It will be interesting to observe how the market reacts to TCS earnings declared just 2 days before. Expecting some upside just like trend, Also the price is around its long term trend support so there are high chances we might see some green candles ahead.
WIPRO Levels for 11-OCT-21(Intraday) Buy above 663 for 3,7,12+++
Sell below 659 for 3,7,12+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Simple Trade Setup | WIPRO | 08-10-2021 [ INTRADAY]NSE:WIPRO
Observations:
1) On 1 day time frame, we can see that it has been taking support from 50DMA. Which is a good sign that the bottoming is done and down trend is restricted at this time.
Please refer below chart : 1day Time Frame.
2) On 1 hour time frame, 650 level is immediate resistance level and 640 is immediate support level.
Please refer below chart : 1hour Time Frame.
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Trade Setup for Date 08-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Wipro Bullish view. T = 700+Seeing the past performance and recents pacts of the company which have taken place in the last 3 months, it is bound to outperform its past revenue.
CMP 643/-
SL - 630/-
Target 700+ (trailing)
wipro buying side swing tradeHello guys I had find this swing trade which in channel support and also broken structure and also in uptrend we can buy from here with swing low sl and above resistance tg also plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow for more thank you
Wipro in a pole and flag patternWIPRO is trading in a falling channel or flag pattern , breakout from this channel can give us a good profit in this month
WIPRO LTD ( SWING OPPORTUNITY)NSE:WIPRO
let see the price action = up trend, the stock is in support level.
✴spinning top candle formed in support level.
buy above =640
stop loss = 625
1 target =655
2 target = 680
it is my own analysis,let tell your opinion in comment.
Wipro what Chart says ?Wipro 640 has seen good accumulation around 640 suggests it will be moved to 654-659 initially and a breakthrough will be taken to 672.
WIPRO IS IN TIGHT CONSILADATION (ANALYSIS OF WIPRO)A breakout from a consolidation pattern signals a victory by either buyers or sellers over the other. Standard breakout trading techniques include buying long and covering short when prices break through the resistance level , or selling short and covering long when prices drop below support. More conservative traders look for some confirmation before entering these trades, either through analytical tools or continued price action.
Consolidation Strategies
It is common for a support level to become the new resistance point after a bearish breakout and for a resistance level to form support after a bullish breakout. Sometimes consolidations show triangle or pennant patterns, making it possible to execute continuation strategies.
Before determining how to trade a consolidation, identify how long the pattern has held. There are no appreciable time restraints on a consolidation. Intraday consolidation can last for only a few minutes or hours. If you look for active intraday trading, consult technical analysis software for dynamic information updates. Some consolidation patterns last for days, weeks, or even months or years. These patterns are susceptible to false breakouts, making it important to seek confirmation of prices before looking to capitalize on a trend.
Countertrade and contrarians can still trade on narrowly consolidated stocks, but there is often less room for profit due to the small range.
Wipro | Intraday | Short 15 mins#wipro #INTRADAY
-Can short below 650 if a 15 min candle closes
- Profit booking in IT
- Bearish engulfing candle formed in daily charts
#investments #StockMarketindia #trading #priceaction
Head & Shoulder formationHead & Shoulder pattern formed on daily TF.
Surely we might expect a trend reversal
Be cautious on the fake out.
WIPRO Levels for 27-SEP-21(Intraday) Buy above 678 for 3,7,12+++
Sell below 673 for 3,7,12+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
wipro go long if it gives bullish signal.Making a triangle pattern, keep watch. Wipro has given the successful breakout of the triangle pattern.No it can show good rally if it bounces from trend line.
wipro in bullish modeWipro stock halting at resistance area & expected to BO the the area in coming days. Long above 680 for the new high of 700 with SL of 675. Good risk to reward trade. Can trail SL once the stock moving upwards. This is for your educational purpose only.
WIPRORelative Strength is above 0, We have good volume + breaking previous resistance.
If close > 590, then first we can go till 753 then next will be 842 & 930 With Good Support at 610.
WIPRO Intraday Trading Idea looking good to buy if it break previous day high.
WIPRO 700 CE SEP 21
@ 4.90 to 5.10
Stop Loss- 3
TARGET- 7 to 7.50
