bearish view on wipro sl 528
entry on 515-520
target 590
pattern become for sell in 1hr time frame so its in proper way to entry
either you short call or buy put
WIOA trade ideas
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 Its looking gud once its break or O&C above 525 it ll go uptrend towards 540,570,600. Otherwise it ll go down to take again support area500. Strong support area 500&440-450.
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
#Wipro cash : Looks good above 521.10 & above 530.10#Wipro cash -Positional call
10.March 2024
Looks good above 521.10 and
More above 530.10
Stoploss 500
Target 570-575/640
Cmp 515.4
#WIPRO (Monthly)⚡Low Debt
⚡10Y ROE of 19% CAGR
⚡Breakout from 2 Years Long Base
🔴 SL 494
🟡 CMP 518
🟢 TGT 570/648/777
wipro next targets in upcoming months wipro respecting fibonacci levels taking short pull.....below 502 can show more down side momentum
Follow wiproWipro looks bullish and have efficiency to get his target in a year (till 2024 end). Make a long position in it.
Buy wiproMay be wipro have a bullish pattern and buy its call of rs 400 near 9-10. And wait for target of Rs 30-
Buy wiproBuy wipro call option of Rs 420 @ 4.5-5.5/- and wait for a target Rs 9-10/- for next 3 sessions with a stoploss of Rs 4/-.
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.
the role reversal A g8 example of support becoming resistance and vice- versa. The stock is now headed for 607.
WIPRO - WatchlistWIPRO - After months of downtrend and consolidation, forming an inverted Head and Shoulder pattern.
Any breakout on this will give good returns - first 440 -490-550 levels.
CNXIT is also on the rise, this should help in gaining some momentum.
Add to watchlist, for further study.
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.
WIPRO TARGET 607 STOP LOSS 528Script is brekaout in the weekly from the resistance of 528 with good closing . If it sustains above in the range of 528 and crosses 548 then it will reach the long term target of 607.
WiproAn inverse head and shoulders pattern is also a reliable indicator, signaling that a downward trend is about to reverse into an upward trend.
WIPRO Monthly chart shows 2X possibility in next 2 YearsWIPRO Monthly chart shows 2X possibility in next 2 Years.
Wipro has been following monthly channel since 2003 ... 20 Years & will try to be with in the channel range for next few years.
LTP - 543
SL - 375
Target 1200+
Risk Reward Ratio - 4
Happy Investing.
Amazing breakout on Weekly / Daily Timeframe - WIPROCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
#Multibager from ITWipro looks a like forming a rounding bottom pattern. If it manages to sustain above the 400 mark we can see a good upside and coming 6 months to a year we can see a good upside and maybe touch the 700+ level.
It is just my view, request you please do your own study before any trade.
WIPRO - heading towards 615 and then 730NSE:WIPRO
cmp 543
WIPRO gave a breakout on weekly chart at 450-460 zone in Dec 2023
made high of 529 and made a small pull back in Jan-Feb
then yesterday broke out above 529 and now heading towards 1st tgt of 615
expecting a pull back at 615 region and then will move on towards 730
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
