WIPRO trade ideas
wipro in bullish modeWipro stock halting at resistance area & expected to BO the the area in coming days. Long above 680 for the new high of 700 with SL of 675. Good risk to reward trade. Can trail SL once the stock moving upwards. This is for your educational purpose only.
WIPRORelative Strength is above 0, We have good volume + breaking previous resistance.
If close > 590, then first we can go till 753 then next will be 842 & 930 With Good Support at 610.
WIPRO Intraday Trading Idea looking good to buy if it break previous day high.
WIPRO 700 CE SEP 21
@ 4.90 to 5.10
Stop Loss- 3
TARGET- 7 to 7.50
Long in WiproLong in CMP
SL - previous swing low (665 level)
Target - previous swing high (690 level)
Suitable for swing tarding, you can try in intraday too with lower target and SL
wipro As we know it sector is bullish and wipro having the inverted head and shoulder patterns a bullish pattern and also sgx nifty is up by 50 points than go long if wipro going up
wipro go awaywipro go away from now.......................
Buy wipro above 666 for the strong target of 750 , little bit cooling of the rally making it stronger to upside rally further.
Simple Trade Setup | WIPRO | 20-09-2021 [INTRADAY]NSE:WIPRO
Observations:
1) On 1hr time frame it has been trading in triangle pattern.
Critical Support is at 656 level.
Please refer below chart : 1hr time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Wipro on Daily ChartBuy wipro around 660-665 for the strong tgt of 700+ , little bit cooling of the rally making it stronger to upside rally further.
Following a channel perfectly indicates the support and resistance working efficiently ,good fundamentals , i conclude it as low risk high reward category .
WiproIts in parallel channel since Apr 1999
though stop loss is far now, stay invested for 24-36 months to have handsome return
Long in WiproThis scrip is in an uptrend for a long period and it is very linear. One may consider to buy whenever the scrip is trading near to the trendline support. This scrip had been rejected by R3 and it is bouncing back from the R2 which is near to the support. One may consider to long this scrip with SL below the trendline. I guess it may continue its bullish momentum in coming months too. Lower volumes on declining price too confirms the buy signal.
WiproTaken good support at 10 EMA...go long for short term/medium term.
Stoploss - 654
Target - 690 (Previous all time high)
wipro takes a support levelIf this support level is taken & the price moves up with a positive candle, then there is a second target. I have used, Linear regression analysis & have changed candles into linear regression candles to delete shouting from the candles. Elliot waves have provided the foundation for the forecasting of the next leg of rising. However please keep a track of volumes. This is only for academic purpose & no suggestion for any buy, that is left exactly & only to the judgment of the trader/investor & his own study & investment horizon. Suggestions are welcome so that I too can enhance my knowledge more.
Tapan
Thanks
#BuyWatchList #WIPROCan be bought on a break above 656.70 if supported by volumes. Sales have grown by 20% in last quarter. Part of IT sector which is in an uptrend.
wipro longonly education purpose
Wipro shows good momentum. but there is chances some consolidation occur between 650-660. then after consolidation break it will goes further. what is your views, i am beginners and just put here to get some knowledge's
Wipro Buy or Sell ?Points to Observe
1. After channel breakout the upside rally should continue but if we observe the chart even good positive volume breakout turned into selling volume after breakout indicating Weakness in buying side.
2. At the same time we have to consider the Horizontal Resistance, At that resistance market is fighting which means the resistance will break and continue bull rally.
At this point We have to wait for either side breakout & we will enter into trade with good confirmation.
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
Wipro 1hr*For educational purpose only. This isn't a call. Do your own analysis.
Stock is trading in Ascending triangle, wait for price to come at support level and sustain on support.
Thanks!
