Buy WiproAccording to chart anylasis its trade near about breakout line on daily basis.
Buy @560
Target 580-600++
SL below 549 or below.
WIOA trade ideas
WIPRO | Short Term Opportunity | LONGHola,
Wipro is Available at decent discounted price than it's pears . Within 10-15 days It should regain it's 675 levels . Following trading position can give you decent trade for this month.
Important Signal to watch : Double Bottom | RSI Divergence | Trend Line Breakout Can Happen within 1-2 sessions | Started Travelling above daily point of control line
Buy Range - 550 to 575
SL- 530
Target- 675 (15-25 Days) | 750 (2-3 Months)
Best Regards
Vishal Malviya
#WIPRO long #WIPRO long
Target-589/615+
SL-519
CMP:563 @ 15 February 2022
Timeframe- 1-2 months
Shared only for educational purposes
Wipro Triangle PatternNSE:WIPRO The stock has formed triangle pattern on hourly time frame risky can enter at current levels and wait for the breakout with a stop-loss below 557
Strong Possible reversal at WiproI know i am trying to catch the Bottom at the Downtrend But as per my analysis this kind of setup gives quick and strong move. yes Bit risky but thats why we have Stop loss. all the Levels of target and SL are given on chart.
NSE:WIPRO
Wait to set trend in WiproWhen wipro breakout / breakdown the chart then we decide what to do next buy / sell.
Intraday/ very short term trading ideaThe logic to go long is written on the chart. Also the MACD indicator is showing signs of bullishness. Though I don't rely much on it as it is a lagging indicator
Expected targets : 576
S.L - As per your risk taking ability but try to keep it at 1.2 or higher
Suggestions and any comments are welcome.
THIS IS CHART OF WIPRO.There are 12345 Motive Waves completed in this chart. and wave A is also complete, wave b and c are being formed.
Wipro - what Next ?Wipro 560 - As huge accumulation could be seen in charts, We expect Wipro could move to target 620 with support 545.
Wipro chart analysis This is just for educational purpose and no buy or sell recommendation.
Chart is self explanatory.
wipro 30 minslooks good above 590 trading in channel can set targets accordingly and add more on bo of channel
do your own analysis before trading
Only for study purpose ... Whenever price goes up trail your SL as low of swings.
Buy on CMP ...SL, and TGT as shown in the chart.
about elliot wave All the rules of elliot wave
1. Wave 2 can never retrace 100% of wave 1
2. wave 3 can never be shortest
3. wave 4 can never get into the price territory of wave 1
if they do not match then you are not placing the waves correctly
Magic of waves Route map for next move . If u like this study please follow , share like comment below
📊 #wipro Swing Opportunity #niftyit 🎯NSE:WIPRO
As we know IT stocks already fallen much now we might see up move for swing, but we should even keep this in mind that we have budget ahead so better to take entry after budget for swing but before that we can go for intraday trades if find reversal for long.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 547.35
SL :- 522 (Closing Basis)
Target 1:- 569
Target 2:- 586
Target 3:- 605 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
