WIPRO FOR 31 JAN 2022NSE:WIPRO
Wipro analysis
INTRADAY level are provided
IF IT BREAKS ITS SUPPORT WITH HEAVY VOLUME THEN SHORT FOR 520
THANK YOU
HAPPY TRADING
WIOA trade ideas
Elliot Wave View: NSE WIPRO (Long)NSE:WIPRO
January 27, 2022 NSE: WIPRO by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of WIPRO Cash NSE.
Elliot Wave View: WIPRO Should favor flat Correction lower
Wipro Limited operates as Information technology, Consulting & Business process services company globally. It operates through three main segments, IT Services, IT Products & India State Run Enterprise Services. The company is based in Bengaluru, It comes under Technology sector as Information Technology services Industry.
Next key Support zone for the stock is @ 522.6
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
WIPRO TRIANGLE PATTERNAS WE CAN SEE IT HAS FORMED TRIANGLE PATTERN,if it consolidates more between triangle, THEN GIVES BREAKOUT WILL BE MORE STRONGER AS CONSOLIDATION RANGE WILL BE MORE POWERFUL,lets watch for strong breakout tomorrow
DOJI FORMED!!!The stock finally get into the indecision moment... Today doji formed, open and close price almost same ..
Wait for onw more trading section..If bull enters morning star will be form ..then take your position ..
Keep this stock in your radar ..
WIPRO Entry level approachingAs per our view presented on 21Dec we initiated Short position in Wipro and now we are heading towards our expected level, we will book profit in our short position @ 600 underline stock levels.
After starting 3 wave corrective move from (3) Blue we are now heading to 590 Level which is expected to find buying. We will be initiating Long trade with levels as mentioned.
Disclaimer: This is not a trading recommendation its just for academic purpose, please consult with your financial advisor and access your risk before taking any trades.
WISH YOU A HAPPY TRADING and PROFITABLE TRADING
Please connect on WA 7058440595 in case you wish to learn more about our trading setups based on Elliot Wave.
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Wipro ready for 5 to 7 % upside again Wipro lts is a software company which is trading at its very strong support levels, huge upside is remains..
my view on wiproi am bearish on wipro as i can see a a head and shoulder patteren which may give high returns
T1-545.35
Sell below 568 Buy above 576 TGT 555 and 584 respectivelySuggestions are based on my analysis only. Please do your analysis before taking any trade.
WIPRO BULLISHBuy Above : 547-553
Tg : 589-615
CBSL : 515
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Wipro Swing Investment levels Buy @ 570- 550- 500 targets 6Wipro Swing Investment levels
Buy @ 570- 550- 500
targets 640- 680- 720- 760-800-900-1000+
Time duration 6months to 1 year
SL below 480
Public can short @ 620 AROUND LEVELS
Wipro - At a crucial level with small stopWipro can be accumulated here with a very small stop below 600
Multiple confluences as shown in chart too.
WIPRO AnalysisWIPRO has been in the trend since April 2020, and currently, it is on the support of trendline, if we take a trade here at LTP Rs 605.05 we can keep stop loss at Rs 526 and target 1 at Rs 763 with a risk-reward ratio of 2.
Any thoughts or comments are appreciated.
WIPRO - Double Top formation - Neck Line Broken We can Expect the given target level in up coming days , Best Entry would be at retest Level
Wipro at Good levels, Whats your views?1. Near Supply zone
2. Touched the mark of 200 SMA
3. RSI below 10
whats your view on this?
Long #Wipro for TGT - 680, Swing Trade- Reason - 200 DMA supportLong #Wipro for TGT - 680, Swing Trade- Reason - 200 DMA support
WIPRO INTRADAY ANALYSISAs we can see BULLISH DIVERGENCE FORMATION in WIPRO .W can go long above 50EMA and short only if it breaks previous day's low. Targets are mentioned in the chart itself
WIPRO - at Crucial Level - Confluence of 3 supportsWIPRO at crucial level.
Confluence of
(1)minor Support-Daily
(2)Weekly TrendLine
(3) 200 DMA
December quarter result is good so no reason for major correction.
If sustain above 600 then it will again head to 720 in 1 to 2 months.
SWING TRADE - WIPRO - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:WIPRO
Risk : Reward - 1:2
ENTRY - 636.00
TARGET - 616.00
STOP LOSS - 676.00
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
#nse #swingtrade #nifty #wipro #nifty50 # #priceaction #supportzone #trendline #retest # retracement #bullish #riskrewardratio
Wipro longWipro approaching its main trendline support. If it takes support and reverse back it would definitely a good buy with recent correction and support on major trendline.
