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 trade ideas
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.
Wipro is breaking zone !! still volume has not come, keep eye onWipro is breaking zone !! still volume has not come, keep eye on it
1) Consolidation for 17 months
2) breakout is on the way
WIPRO - Weekly Breakout possibility As other Tech stocks has given good returns in this week WIPRO also had the chance to break the pattern out from Rectangle.
Expecting clear breakout in coming weeks as overall IT has turn in to Green.
Wipro is Forming Cup and Handle Pattern ready to Blast Wipro is looking Good
Wipro is done too much consolidation and Heading toward Breakout of Cup and Handle Pattern
CMP is 434
Breakout Level is 448
Above 445 if it sustain it will easily Go Towards Target of
480-510
Wipro longIf Wipro sustain and break 445 level in this month so we can assume that next target is 530 and stop loss is 409.
WIPRO Ltd., 20% ROI, Right time to invest.Right time to invest.
fundamentally good.
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Entry:425
target:435 / 459 / 531
stoploss: 415
major stoploss/ support: 399
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Enter conservatively after "425"
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IT stocks are going to boom.
long term investment; min 20% return.
huge potential is there.
Long term holding ;
if you are interested in invest NOW, go for it with small risk,
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. more than that "WIPRO". , is fundamentally good.
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.refer our old idea attached below
Investment_ WiproNamaste!
Wipro has been sold off (down 47% from the ATH) because of technology sector (NASDAQ 100) being selling off since the start of the year. Buying good companies at a discount is always a good idea.
So, I see a very good investment opportunity in this stock. Remember, investing is different from trading. There are only two scenarios in my opinion, either a company goes bankrupt, or I make money. I, even ( no one ) can predict when will the stock rise or reach the price targets. But, don't sell in a loss.
Q: When and what price to buy?
A: Entry price is Rs 415.05 . Well, I generally place a buy-stop orders above candle's high. There is always a resistance (sellers) above the high of any candle. So, logic is that, buyers have to be more powerful to move any stock above the highs. Hence, I will be joining strength and buying above highs.
Q: What if it doesn't execute?
A: Entry price won't be changed until I update it here. You can place GTT (Good Till Triggered) orders with your broker. Means, in a span of one year, whenever the stock reaches that price, you will be automatically buying it at a mentioned price.
Remember, I have a well planned investment method. Everything is pre-decided, when to buy, when to sell, how much shares to buy, capital allocation: Everything. So, kindly prepare yours. I share many stocks, from different sectors, different market caps, etc. So, it is your responsibility to select your favorite ones. Even if you're getting returns >12% annually, you should be very happy because you're beating the markets.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment carries an element of financial risk. Please do your analysis and/or consult your financial advisor before investing. I already have some shares and will add more if I get another opportunity.
on a support zoneNSE:WIPRO
it has retraced by 61%(which called a sufficient retracement)
looking a good support zone b/w 350 to 390.
can go for a long with strict money management.
it is sustaining on a 200ma
wipro cup with handlewipro share form cup with handle pattern retesting at 418 may going to break previous high
