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WIPRO trade ideas

How to decide Long Term Investment in WIPROThis is how I decide whether is it the right time to invest or not in this stock 1. Price to Earning (PE) - One of the best indicator to quickly decide to whether we need to go in further analysis or not. Any Nifty50 stock if you get the PE average near 15 to 20 would be the ideal time to invest. Currently, PE has fallen from 32 (between Sep-21 to Dec-21) to 20. Would still wait and watch how it performs in next week. 2. AWAP - This is an excellent tool to know what is the current value of stock with respect to a reference Low in history. If you plot AWAP at low of COVID-19 in March-20 and low of 2008 Market crash you can say that best time to invest would be between 428 and 263. The highlighted box would be my target zone for investment in upcoming days. 3. Support and Resistance - If you observe carefully WIPRO is having its major support and resistance around the square of odd number series i.e. 1^2, 3^2, 5^2, 7^2, 9^2.... and so on. With this important observation my target would be to invest 40% around 19^2 support and further 60% around 17^2 support (if it breaks the low of 19^2 support, if not then 60% around 21^2).
NSE:WIPROLong
by ksingh159
2
Good positional bet after 45% CorrectionWIPRO has given a breakout of the falling channel pattern and closed above it. One can buy above 445 level for positional gains. Short term targets can be 475 and 488. Mid term target can be 525. Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis. Learn & earn, Dr . Tanya Kumar
NSE:WIPROLong
by tanya151181
2
WIPRO Ltd.Company:- WIPRO Ltd. Sector:- IT Today:- 28/07/2022 Buy @ 415 Stop Loss @ 400 Upside Target @ 445, 490 then 530 Technical:- On the daily and weekly chart smart money formed a bullish divergence chart pattern. By the way, I can tell you this is a trend reversal chart pattern. So my dear followers if you are interested you can buy this stock for 6 months' perspective, risk reward ratio is also favorable. Disclaimer:- Dear trader and investor before taking any trade do your own analysis and consult your financial advisor because I'm not a SEBI registered advisor.
NSE:WIPROLong
by Pro_Trader_Club
Some Major Candlestick Pattern Bullish Engulfing: The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. This pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. On the second day of the pattern, the price opens lower than the previous low, yet buying pressure pushes the price up to a higher level than the previous high, culminating in an obvious win for the buyers. Bearish Engulfing: A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle). Tweezer Top: A tweezers top is when two candles occur back to back with very similar highs. A tweezers bottom occurs when two candles, back to back, occur with very similar lows. The pattern is more important when there is a strong shift in momentum between the first candle and the second Tweezer Bottom: A Tweezer Bottom occurs during a downtrend when sellers push prices lower, often ending the session near the lows, but were not able to push the bottom any further. Tweezer Bottoms are considered to be short-term bullish reversal patterns that signal a market bottom Doji: A Doji is a candlestick pattern that looks like a cross as the opening and closing prices are equal or almost the same. The word Doji is of Japanese origin which means blunder or mistake that refers to the rarity of having the open and close price be exactly the same Evening Star: An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. Morning Star: An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. Hammers: The hammer candlestick is a bullish trading pattern that may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up. Inverted Hammers: The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside-down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting star: What Does the Shooting Star Tell You? Shooting stars indicate a potential price top and reversal. The shooting star candle is most effective when it forms after a series of three or more consecutive rising candles with higher highs. Spinning Top: A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand. Three Black Crows: What Are the Three Black Crows? Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. Three White Soldiers: Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high Three inside up: the pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle Three Inside Down: The three inside down pattern is a bearish reversal pattern composed of a large up candle, a smaller down candle contained within the prior candle, and then another down candle that closes below the close of the second candle.
NSE:WIPROEducation
by TECHDARSHRESEARCHER
TOP 10 CHART PATTERNS FOR BEGINNERS ?Double Top: A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. Double Bottom: A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (Same Like Double Top But Work Opposite). Head And Shoulders: A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. Inverse Head And Shoulders: An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again. Rising Wedge: A rising wedge is generally a signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line Bearish Rising Wedge: A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line Bearish Expanding Triangle: a bear reversal (an expanding triangle top), does the opposite. Bears are trapped in by a lower low and then are forced out, and bulls get trapped in by a higher high, and both then have to chase the market as it reverses down for the final time. Bullish Expanding Triangle: A Bull reversal (an expanding triangle top), does the opposite. Bears are trapped in by a lower low and then are forced out, and bulls get trapped in by a higher high, and both then have to chase the market as it reverses down for the final time. Bearish Triple Top: A triple top formation is a bearish pattern since the pattern interrupts an uptrend and results in a trend change to the downside. Its formation is as follows: Prices move higher and higher and eventually hit a level of resistance, falling back to an area of support. Bullish Triple Top: Triple Top is a bearish reversal chart pattern that leads to the trend change to the downside. Whereas Triple Bottom is a bullish chart reversal pattern that leads to the trend change to the upside. They are extensions of the Double Top and Double Bottom chart pattern.
NSE:WIPROEducation
by TECHDARSHRESEARCHER
2