WIOA trade ideas
Wipro within the purchasing range.Wipro appears to be within my budget for purchasing, so I've begun investing a portion of my funds. I anticipate a profit of approximately 150%. My initial goal is to reach the 720 range.
I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions.
WIPRO AnalysisThe recent change in the management of WIPRO Ltd has brought a nice 56 Inch wide smile on Veterans who've been tracking the stock.
The CEO under whom, the profitability had reduced, has resigns and in exchange for him, we're finally getting someone who understands the Business and the Company.
I'm anticipating good moves in the stock from CMP.
Here are the details-
CMP- 486
Targets- 500, 520
Stoplsos- 476
Duration- 1-2 weeks
Let me know what you think about it.
Wipro: Bull Ride Long consolidation with huge sell spike in downtrend took sufficient time to recover, recent overall market bullish and some political factor influenced the investor to invest in Indian market. #Wipro looks like one of the hanging fruit for the investor. Recent, investment plan of investing in AI and new projects approvals will attract investors.
My Key support and resistance
* Overall support : 380
* Resistance : 525
Wipro showing bullish strength.Wipro for the intraday trade is looking bullish and has closed around the resistance zone.
The stock after the fall has given a bullish engulfing candle on the daily charts.
It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock.
If the stock starts trading above 520 levels and sustain above it, a bullish trade can be entered with a target of 525 for intraday.
Target levels :- 525, 533
Entry:- Above 520
If there is a gap up opening in the stock and it comes to retest the break out levels. A bullish trade can be entered after confirming the price action.
Double break out will be there in the stock. Positional/swing trade can also be created, if the stock closed above the levels on the daily front.
Wait for the price action near the levels before entering the market.
WIPRO - SWING TRADE - 23rd December #stocksWIPRO (1W TF)
Swing Trade Analysis given on 23rd December, 2023 (Saturday)
Pattern: RECTANGLE BOX BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike near Breakout - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #wipro
WIPRO 5th WaveWIPRO
1st, 2nd, 3rd, 4th wave has completed
5 th wave in formation,
within 5th wave
in smaller cycle
1st,2nd,3rd wave completed
either 4th wave has been completed or can see further retracement of 4th wave
if 4th wave has been completed,5th wave formation will result in upward movement.
this is for educational purpose, not a trading advice, trade with due diligence
Investment PickWipro (long term pick)
This stock made low of 159.40 on 2nd of March 2020 and made a high of 738.50 on 1st of October 2021, a complete rally of almost 600 points. Since then, it started falling and made low of 352 on 3rd March 2023 which corrected its for 61.8% of Fibonacci levels which is considered as golden reversal for fresh rally in the technical world.
Now, we expect this stock move further and give fresh rally above 738.50 for the upside targets of 1293 and then to 1875 in the coming years.
On the negative note, if it fails and the price break below 352 and close below 352 on the daily closing basis. Then, we can expect more downsides move in it and could give panic situation till 159.40.
Trade or make investment as per the given levels only.
Wipro: Strength in IT SectorThe price structure analysed on multiple parameter for better understanding.
Weekly Chart
✅stock corrected and reinstated to fib 38.20%
✅strong base with rounding bottom
Daily Chart
✅triangle breakout with volume
✅golden crossover confirming strength in stock (50 & 200 ema)
✅price consolidating after the breakout
Index - Nifty IT
After a year of range bound consolidation, index showing solidarity and possible breakout.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Technical analysis of WIPRO - Feb'24Action Plan - Entry can be made now keeping the gap zone of 465 as stop loss with target as per resistance zones above and risk bearing capacity of the individual. As Nifty IT and Nifty are at respective all time high zones, strong position sizing is recommended. It is also a good time to accumulate for long term investing at current levels.
Note - For educational purposes only.