WIOA trade ideas
“Strong momentum, potential upside in Wipro”After a long period, we have observed a significant breakout in this stock, showing strong potential for a successful trade. The trading volume has also seen a substantial increase, and the RSI (Relative Strength Index) is above the 60 level, indicating solid momentum. Given these factors, this stock has a high probability of becoming a momentum play.
Our initial target price is ₹620, with a secondary target at ₹730.
The Indian market recently faced a downturn due to the U.S. elections. However, under these conditions, the IT sector has maintained positive momentum, suggesting it may continue to perform well.
"Wipro’s Ascent: Ready for Takeoff ?"WIPRO buy above 581
Tgt 641, 719, 814,945
SL 520
Wipro seems to be comfortably resting at 581, but there's an energy in the air suggesting it’s gearing up for a serious ascent. With potential targets at 641, 719,814, 945 and maybe even an ambitious leap to 672, this stock looks like it’s ready for liftoff! 📈
It's as if Wipro suddenly decided, "Why linger in the 500s when I could aim for new milestones at 610 or even 652?" It’s eyeing those higher levels with the drive of an eagle that just had a double shot of espresso! ☕🦅
For those who trust in the mix of positive momentum and solid chart signals, keep your eyes open—672 could be closer than it seems.
Sure, the climb might be challenging, but if Wipro's this determined, who are we to doubt? Just remember to set those stop losses and have a backup plan ready, in case the eagle opts for a side glide. 🪂
Here’s to Wipro’s journey upward! Let’s see if it reaches new heights or enjoys a pause at 581. Either way, it's bound to be an exciting ride! 🚀
"Trade smart and always respect risk." Happy trading!
Wipro: Ready for Liftoff or Just Stretching Its Wings?🚀 Wipro: Ready for Liftoff or Just Stretching Its Wings? 🦅
#wipro
Wipro is currently chilling at 555-557, but it’s got that look in its eye like it’s ready to spread its wings and soar to new heights. With 581, 610, 652, and even a moonshot to 672 on the horizon, this stock is acting like it’s seen the flight schedule and wants a one-way ticket up! 📈
It’s like Wipro woke up and said, “Why hang around in the 500s when I can join the cool kids at 610 and 652?” It’s aiming for those higher altitudes like an eagle with a fresh cup of coffee — and maybe a little too much enthusiasm! ☕🦅
For those who believe in the power of positive thinking (and some healthy chart reading), keep your binoculars ready — 672 could just be a glimpse away.
Sure, the climb might be steep, but if WIPRO, feeling this motivated, who are we to hold it back? Just make sure you’ve got your stop losses and parachutes handy, in case this eagle decides to take a detour. 🪂
So, here’s to Wipro’s climb! Let’s see if it reaches for the stars or just enjoys the view at 581 for a bit. Either way, it’s going to be a fun ride! 🚀
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Breakout Soon: Wipro "Wipro is showing strength after a solid Q2 performance, beating expectations! 🚀 Large deal booking is the highest in 10 quarters, and EBIT margin has expanded for the third consecutive quarter. The stock is up 4% today, and with this momentum, there's potential for further upside!
Stock is forming a triple top pattern, and once this key resistance breaks, it could present a strong buying opportunity! 📈 Keep an eye on it for a possible swing trade opportunity.
#Wipro #StocksToWatch #SwingTrade"
WIPRO added to watchlist for technical and fundamental trackingHello traders , here is the full multi time frame analysis for this stock , let me know in the comment section below if you have any questions , the position will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Wipro looks strong at this positionWipro has been in range from quit long time now. now its ready for a big rally from here.
CMP 539 looks great for fresh entry.
Stoploss i will consider 530. if it hits stoploss it will loose the momentum again.
RR is amazing not less then 1:4.
Entire IT sector looks very strong.
WIPRO is ready for Launch...After Chandrayaan 3 and Aditya L1 :)
Golden Cross on Daily TimeFrame
Consolidation seen for few weeks
Strong Close
Has tested the same resistance levels multiple times
Entry and Target Levels marked on the charts
Lets watch whether WIPRO launches to the BANK with this breakout.....
Enjoy and as always do not trade unless you have money to lose and patience to wait !!!
Wipro NSE By KRS ChartsDate : 6th June 2024
Time : 10.27 AM
Why I am Bullish on Wipro ?
1. Wipro has Formed Cup & Handle Chart Pattern on Monthly TF and successfully retested on neckline too as we can see on Chart.
2. Current Fibonacci level is 0.5 to 0.618 known as Golden Reversal Zone.
3. Nifty IT is Also Showing Bullish Trait like Bullish Divergence.
After all this Entry on this after Wipro Breaks 260 Rs and close above 260 Rs.
T1 will be according to C&H is ~530 Rs with SL of 439 Rs.
Wipro Support and Resistance LevelsWipro Support and Resistance Levels
The support and resistance levels for Wipro (WIPRO) are crucial in determining the stock's price movement. These levels are calculated based on various technical indicators and are used by traders and investors to make informed decisions.
Support Levels
The support levels for WIPRO are:
531 - 527 - 523 5
542.88
521.12
These levels indicate areas where buying interest may emerge to prevent further price decline.
Resistance Levels
The resistance levels for WIPRO are:
540 - 544 - 548
544.8
538.15
These levels indicate areas where selling interest may emerge to prevent further price increase.
Is Wipro heading towards 900+📊 Wipro’s Financial Insights 📈
In Q4, Wipro achieved remarkable milestones:
Gross revenue reached ₹225.2 billion ($2.7 billion), demonstrating resilience.
IT services segment revenue stood at $2,713.3 million, reflecting strategic agility.
Non-GAAP constant currency IT Services segment revenue decreased slightly by 2.0% QoQ, emphasizing adaptability.
As we navigate dynamic markets, Wipro’s commitment to innovation and sustainable growth remains unwavering. 💡✨
Wipro (WIPRO LTD) has broken out of a descending channelWipro (WIPRO LTD) has broken out of a descending channel with strong volume, indicating a potential bullish reversal. The stock is trading above the 9-day EMA, and the RSI shows upward momentum, suggesting a favorable buying opportunity. Considering these factors, a buy can be recommended with a stop loss around ₹520 to safeguard against a possible pullback, while targeting higher levels based on the continuation of the current trend.
Wipro.. multiple technical confirmations!!!Hello 👋
* Stock is in uptrend
* Friday stock moved around 7 %
* Trendline breakout & retest done
* Inverted cup & handle in weekly tf
* Inverted H & S in Daily TF
* Gap down gap is filled in last week
* Minimum coming target is already marked..it's around 11%
* But stock is in its demand & supply zone..see exactly within that zone it's gone upside & downside too
* If manage to close above 600 then coming tgt 650 & then can go till ATH
* Compare to other IT giants this one is slow moving..but can be bet for swing or intra day
* Momentum inclined & good volumes since last few weeks
* FIIs & DIIs increased their holdings in 2024
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you.