WIPRO long term analysisWipro currently took support at strong support of 529 levels . and forming small pattern , can buy now or wait for retracement.
Trade ideas
Wipro Ltd. Support & Resistance levels Wipro Ltd. (WIPRO) on a daily (1-day) timeframe, here are the current support and resistance levels:
Support Levels: ₹532.15 and ₹538.871
Resistance Levels: ₹550.35 and ₹553.57
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.
Types of entry in the marketsTypes of entry in the markets
1- Aggerasive entry for high rewards
2- Conservative entry
3- Highly confirmed entry
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. 💡✨
Long trade on Wipro My view on this script bullish for intraday.
Entry Criteria: Wipro wason uptrend and it took support on TRENDLINE & BREAKOUT and RETEST recent high with good volumes.
Targets : 1:2
Entry at 553.50
Target at 559.60
# itstocks #wipro #nifty50
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.
Wipro cup and handle view- cup and handle formation is completed & waiting for breakout
- break out may happen if open and sustain above 550 level.
- already it is sustained above weekly pivot r1 for the last 3 weeks
- Bullish engulfing candle is formed last week
- 2nd time touched the parallel channel resistant line and bounce back.
conclusion there is more possibility for cup and handle breakout.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
in.tradingview.com
Stock to watch on the verge of breakout WiproStock has been analyzed based on my trendline analysis. Please note that levels given are for training and educational purpose only. Please do consult your financial advisor before investing in the stock
WIPRO -Cup and Handle breakout - DailyName - WIPRO
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 550
Can test - 604
SL - 542
Here’s a summary of Wipro Ltd’s Q1 FY25 results:
Financial Highlights
Net Profit: Wipro reported a net profit of INR 3,003 crore, a 4.6% increase from the same quarter last year1.
Revenue: The consolidated revenue for the quarter was INR 21,964 crore, which represents a 3.8% decline year-over-year (YoY)1.
Operating Margin: The IT services operating margin improved to 16.4%, up by 40 basis points quarter-over-quarter (QoQ)2.
Operational Highlights
Large Deal Bookings: Large deal bookings for the quarter were at $1.2 billion, an increase of 31.1% QoQ and 9.5% YoY2.
Voluntary Attrition: Voluntary attrition was at 14.2% on a trailing 12-month basis2.
Comparative Performance
Quarter-over-Quarter: Compared to the previous quarter, net income increased by 5.2%2.
Outlook
Wipro expects revenue from its IT Services business segment to be in the range of $2,617 million to $2,670 million for the next quarter2.
Always welcome for any comments with your feedback or give it a like if you find it useful.
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Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
WIPRO // Levels // 4 hour Here are the current support and resistance levels for Wipro (WIPRO) on a 4-hour timeframe:
**Support Levels**
1. **Previous Low**: 444.00
2. **Fibonacci 38.2% Retracement**: 446.00
3. **200 SMA (Simple Moving Average)**: 448.00
4. **Fibonacci 23.6% Retracement**: 450.00
5. **Short-term Support**: 452.00
**Resistance Levels**
1. **Fibonacci 61.8% Retracement**: 454.00
2. **Previous High**: 456.00
3. **Fibonacci 78.6% Retracement**: 458.00
4. **Medium-term Resistance**: 460.00
5. **Long-term Resistance**: 462.00
**Notes**
* These levels are subject to change as market conditions evolve.
* These levels are based on historical data and may not be a guarantee of future price action.
* These levels are not the only levels that can be used; traders can use other indicators, such as moving averages or trend lines, to identify potential support and resistance levels.
**Current Market Conditions**
* Wipro is currently trading in a bullish trend, with a series of higher highs and higher lows.
* The stock is approaching the short-term resistance level of 452.00.
* If the stock breaks above this level, it could potentially move towards the medium-term resistance level of 460.00.
**Trading Strategies**
* Buy at support: If the stock breaks below the short-term support level of 452.00, it could be a good opportunity to buy.
* Sell at resistance: If the stock breaks above the short-term resistance level of 454.00, it could be a good opportunity to sell.
* Trend following: Follow the trend by buying or selling based on whether the stock is moving upwards or downwards.
* Mean reversion: Look for opportunities to buy when the stock is oversold and sell when it is overbought.
Some key levels to watch in Wipro:
* **Earnings**: The company has seen mixed earnings growth in recent quarters, with some analysts expecting further growth in the coming quarters.
* **Valuations**: The company's valuations have been relatively stable in recent months, with some metrics reaching moderate levels.
* **Sector performance**: The company's performance is closely tied to the broader sector performance of the Indian IT sector.
Remember to always use stop-losses and position sizing to manage risk when trading.
Wipro - Resistance breakoutWipro :
Breaking out resistance
Ascending channel breakout too in progress
Sustaining 560 levels might take this to new highs
WIPRO // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Wipro (WIPRO) based on a 4-hour chart:
**Resistance Levels:**
1. 444.50 - 454.50 (previous high)
2. 458.00 - 468.00 (psychological level)
3. 472.50 - 482.50 (resistance zone)
**Support Levels:**
1. 430.50 - 440.50 (previous low)
2. 422.00 - 432.00 (psychological level)
3. 410.00 - 420.00 (support zone)
**Key Levels:**
1. 436.50 - a crucial level to watch for trend continuation or reversal
2. 418.50 - a potential reversal zone
**Notes:**
* Wipro is currently trading around the resistance level of 436.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 418.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Wipro is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's performance in the IT sector, as well as any changes in its business strategy or partnerships with other companies in the industry, can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on Wipro's quarterly results, client additions, and revenue growth, as well as any changes in global IT trends or regulations that may impact the industry.
Wipro bullish flag patternWipro flag pattern on buy side 15 mins. Expect stock to go on up side upto 532 levels. It might happen in few days time. There is a chance for stock reversal but again it goes up
WiproDate 03.09.2024
Wipro
Timeframe : day chart
Remarks :
Strong/Breakout
1 If breaks out from cup & handle neckline + 50% of fibonacci + resistance band of developing symmetrical triangle, that's a good breakout. Target could be 61% of fibonacci
Weak/Breakdown
1 If breaks down from 38% of fibonacci + goes below handle + moves below support band of developing symmetrical triangle, that's a weak set-up. Target could be 23% of fibonnaci.
*For swing support can take input of 20,60 & 200 ema combination. See if any divergence or convergence.
Regards,
Ankur
WIPRO ANALYSISHello 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 entry 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 seems good for swing Good stock to add in watch list, Keep eye on breakout in coming weeks.
Cup & handle pattern completed.
Good fundamentals.
Wipro ready for breakout in weekly chartGood stock for watch list, Keep eye on break out in coming weeks.
Cup and handle pattern completed on chart.
