WIPRO trade ideas
WIPRO - Ready for take off ?WIPRO today has closed on 646.90. entry was 647 which should be good as it has sustained a support above the triangle, would recommend to wait for one more candle for up move, if it closes above 647 tomorrow it should uptrend later.
looks like a doji candle creation to me hence its better to wait for one more candle before entering.
Wipro Long 657.1 or BelowEntry 657 or Below
Target 700 +
SL 628.8
Time: 2-3 Week
Wipro CMP id 658 and price is just above the demand zone. It has a demand zone at 634 to 648 and another demand zone at 630 to 643. So downfall from this level is protected or chances are less. NSE:WIPRO
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea not a trading or Investment advice
Breakout above sloping trendline !Stock has given breakout above the sloping trendline on daily chart. Also, there is morning star formation on daily chart.
One can consider long position with SL 635 on weekly CB for the target of 720 and 740 in short to medium term (more than 1:2 RR), 800 in long term (1:5 RR).
Kindly do your analysis before initiating trade.
Wipro, fundamentally bullish, T= 700+Wipro along with the whole IT sector has been correcting and now consolidating from the past 3 weeks. After stellar performance in the second quarter of FY 2021-22, IT sector is preparing for another bull run. This time along with TCS, Infosys and Wipro will also make new highs.
My choice for short term and intraday is Wipro, CMP 660/- for targets of 684, 720 and 760 (in the coming month).
WIPRO: Entry points for Long Term InvestmentsThis is a long term Investment Idea (Buy Only) following signals from this indicator.
Wipro has given a multifold return over the years. It is also known for paying dividends/bonus & has a solid management.
*Never put all your eggs in the same basket! Typically should diversify investments to absorb shocks*
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