WIPROFinally Long time consolidation coming to end in Wipro. 440 will be act as Best support. price in further days will be in 525.
WIPRO trade ideas
Wipro looks Attractive, Institutional buying, Bullish IT SectorWipro looks very attractive..
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. High Reserves vs Low debt. Promotor + FIIs + DIIs holding increased.
Technicals : Technical strong reversal indication with increasing weekly volumes..
R 1: 530
R 2: 610
R 3: 720!
S : 350
WIPRO READYY FOR RALYY!!!!
Wipro Is Facing In Monthly Chart Exactly At The Black Line Which Is Around (413-414) Rs Wipro Needs To Cross This Price Before It May Go Further So Keepur Eyes On Breaking Of This Price Point.
(THIS IS JUST AN ANALYSIS DONOT TAKE IT AS AN ADVICE FOR BUY OR SELL IM NOT SEBI REGISTERD ANALYST)
30% Move Possible from here in wipro30% Move Possible from here in wipro
-Volume increasing
-Rsi, Adx in momentum
-strong resistance breakout
-above all crucial levels and strong closing
WIPRO - Ichimoku BreakoutStock Name - Wipro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 466
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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wipro expected behavior in coming days this chart of wipro is for educational purpose only considering monthly chart analysis.
elliot wave 4 is in progress, once completed wave 5 will be in progress.
WIPRO Short Term TradeKey Highlights:
1. Range breakout
2. Bouncing off long term support
3. Bouncing off on good volume
Wipro Consolidation and BreakoutMuch awaited Breakout of Wipro from consolidation phase since Aug 2022, Now ready for takeoff for next target, A Good Volume profile is also observed.
Wipro Consolidation and breakoutA much awaited breakout from consolidation since Aug 2022 is observed and not ready to takeoff for 610 and higher with very favorable risk reward.
WIPRO(Weekly Breakout)On a weekly chart, the stock had a good closing above the resistance with a good volume accumulation. Buying can be initiated above 454
Wipro - Where it's leading to? Trading #WIPRO #StocksInFocus #TradingView #trading #Marketuniverse
As we expected Wipro had given good rally from it's Bottom support., it may be starting to its second stop 530 Levels soon. Immediate support changed to 444-433 Levels.
Investors still can buy for Long time.
WIPRO BO [Weekly]Another Long Base BO of 60+ weeks. And that too in IT sectors. CNXIT is talk of twitter for now. IT names had to pop up.
As always, volumes -> Check, Price appreciation -> Check, Long base BO -> Check
Fundamentally, it hasn't been at its best, but has handled last few quarters well.
Let's see if the IT story is actually in a turnaround in these market conditions. Keeping in watchlist.
Wipro weekly chartWipro weekly chart
> Accumulation has been completed. new uptrend will start soon.
> we can say it a stage 1 beakout
Only for journaling not for the trading.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
Breakout on Monthly chart - WIPROWipro was trading in a narrow range from 16 months, now breakout from that range.
Buy Above - 430, SL - 380
NOTE:- Please maintain good Risk to Reward, as per your risk appetite.
Wipro wave B in formation...Wave A completed in 5 sub waves.
Currently wave B is in formation and we will be moving as per fib levels.
Note: For educational purpose only.
WIPRO-GOLDEN CROSS OVER IN WEEKLY CHARTWIPRO:Golden Cross over 10DEMA Above all DEMA with strong volume suggests a likely b/out towards 450(Only for Educational purpose)
#IT#Wipro-Looking good on chart.~ Trend change indications.
~ BO Possible (Long Consolidation).
~ Reversal Pattern.
~ Volume Supporting.
~ Near Term Possible Targets 490/520, ~SL 443.
~ Pattern Target 530/550, ~SL 425.
#INDSTOCK - study well before investing, no Buy/Sell Reco.
Wipro for next two years Weeklt and Monthly Chart of the stock is bullish, uptrend resume in the stock, can buy at this level and can also buy on dips for long term target 800 in next two years, Tech mahindra, Infosys, TCS, and other good fundamental companies of IT Sector are recommended for next two years.
#Wipro cash : Looks good above 460.10#Wipro cash -Positional for 1 year
15.12.2023
Looks good above 460.10
& dips around 445
(after crossing 460.10)
Stoploss 410
Tgt 590-600/700-720/800
Cmp 446.55
wipro head and shoulder breakoutneck line break at 444
expecting further movement
next target 480 it's my own expectation
Wipro will breakout soon keep watchingLong time resistance break with good volume and RSI and MACD also indicates bullishness this stock may touch 530 in coming days
Long Wipro - Target 830Wipro after fall from 734 to 400 level has taken support near the 61 percentile of fibonacci retracement and is consolidating.
This is long term view based on predictive trend chart.
Long for a target of 830 once it closes above 420 on monthly basis
Very small stop loss will be 380 on monthly closing basis.
