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
WIOA trade ideas
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.
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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.
WIPRO Targets 1380 Possible in Next 36 Months.WIPRO Targets 1380 Possible in Next 36 Months.
Based on monthly charts clearly visible breakout coming near 730 Levels post which it will move to 1380 Levels in 2.5-3 Years timeframe.
LTP - 538
Targets - 1380+
Timeframe - 2.5-3 Years.
Happy Investing.
WIPRO Analysis📊 Script: WIPRO LTD
📊 Sector: IT
📊 Industry-IT Large Cap
Key highlights: 💡⚡
📈 As per weekly charts of WIPRO the stock touched the all time high of 728 in Jan 2022 and since then the Company hs not reached at this level next resistance is at 612. As per the weekly chart there is cup and handle pattern having resistance of 538 the counter have tested this resistance 3 times in the past. As per the closing of 30-08 the net volume is in green when the resistance of 538 is formed. Considering this we can say that WIPRO is bullish on long term basis. However, considering the smaller time frames such as hourly the stock seems bearish.
📈RSI for the weekly is in bullish zone and for hourly time frame is in overbought zone and stock is trading above 50 EMA and 200 EMA for both weekly and hourly charts. 50 EMA being key support level.
📈 Considering the above analysis we can go long in the stock for period of 1-2 months considering the overall market sentiment.
📈 Key support levels for the stock is 490 and 450 as per the weekly charts
⏱️ C.M.P 📑💰- entry at 540
🟢 Target 🎯🏆 - 720
⚠️ Stoploss ☠️🚫 - 450
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
MAJOR TRENDLINE BREAKOUT IN WIPRO ABOVE 530Wipro is giving a major trendline breakout at the level of 530. It is a signal of long in wipro. We can buy this stock at the current level@535 with aSL of 495 on closing basis. Target will be 590 & 640 respectively in a very short term. More upside potential possible up to the level of 700.
WIPRO INVERSE H&S BREAKOUTWIPRO breaking inverse h&s reversal pattern
with huge volume,strong rsi
#target 580 soon
educational idea
WIPRO Monthly Chart Suggest 30% upside in next 5-6 Months.WIPRO Monthly Chart Suggest 30% upside in next 5-6 Months.
WIPRO Weekly Chart Suggest CUP & Handle Pattern in Progress.
LTP - 533
Targets - 720+
SL - 480
Timeframe - 5-6 Months.
Happy Investing.
Wipro Rising Post-Consolidation: Strong Risk-Reward SetupWipro has been on the rise after a solid consolidation phase, forming higher highs and higher lows. Currently, it’s retracing to a strong level with a favorable risk-to-reward ratio, aiming towards its all-time high (ATH). Ensure you enter trades with a predefined stop loss for safety.
Wipro Short Anti Crab Pattern
Strong
Reversal Expected - 522-525
SL - 530 HCB
Target - 516,510.5,506
Trade to be initiated based on Price Action
Wipro ShortAnti Crab Pattern
Strong
Reversal Expected - 536-544
1.27ABCD=536.25
SL - 550 DCB
Target - 530,520,512
Look for price action to short
Wipro | Correction overWipro seems to have completed it's ABC correction and now in accumulation zone.
For taking a long entry wait to stock to close above 500.
Once the move starts I'll update the target price
upcoming setup in wiprotaking big suppor at support line.... if it take support we can see big upside move in it... we can use last swing low sl..
Wipro, 13th August /Live intraday shortGood sell @ 491 with a SL of 1.75 points and for a target of 487.5
Follow me @ BenSah /for more trading ideas and scripts
Remind /Trading involves risk, trade at your own risk.
Happy Trading.
