[Positional] Wipro Breakout or Breakdown BetI am quite rooting for breakout but I think it will not breakout this time. Lets see. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. I also do my trades live, Please refer to the link to my footer if you want to tail me. =======by Amit_Ghosh1111
WIPRO Positional BONSE:WIPRO Levels are Mentioned in the chart... Look for Swing Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..Longby tradingrhythm10
wipro after flag breakout, may continue to form a trading rangewipro has made all time high today and near its previous high.. if prices pulled back it may form a trading range. if price moves higher then it will form up trend, no fresh entry a this level. watch out for next session.by akrock8612
WIPRO - UP FLAG ON WEEKLY CHARTWipro Ltd. is in an uptrend since March 2020. The counter got into a consolidation of 3 months since January 2021. The consolidation has a slightly descending slope making it like a channel. The consolidation got an upward breakout on a weekly candle for the week starting on 12th April and ending on 16th April. This weekly candle closed at Rs.469.20. I anticipate the first price target of Rs.500 and the second price target of Rs.600. I suggest the stop loss at the price level of Rs.457 for the first for weekly candles. Thereafter the profit booking/ exit decision should be based on a downward crossover of 26 EMA by 5 EMA. NOTE: This idea is an attempt to predict future price movement. Investment decision, based on this idea, should be at the sole risk of the investor. Longby ShriramN0
Breakout in WiproAfter a long consolidation for about 2 months, Wipro has finally given a breakout today with huge volumes. Looks very bullish after positive quarterly results. Perfect for swing trading if market supports.Longby Noob_Technicals0
Wipro gave brekoutNote 1) today is weeklysing so this breakout is important 2)USD INR is very bullish has gave a decent move in last few trading session 3) Quaterly resuls will add further volatility in the stck 4) The breakout is very decent See my last idea where i shown the minor trend line.Longby TRADEWITHFUN247225
READY FOR RACEBest Opportunity For Swing Traders💕 Level Mentioned On Chart. After Consolidation Stock Is Ready For Go Follow For More Updates @prasanna09 📌Key Highlights: 🔺BO On Weekly Time Frame 🔺Pole And Flag 🔺Vol. BO 🔺Anual ResultsLongby prasanna091
Wipro for a target of 460+Wipro has broken out and has retraced to the previous resistance level. This level is acting as support and has been respected for the last two trading sessions. if this continues, we will see Wipro reaching 460+ in the near future. If the resitance of 465 as well is broken, Wipro can see 500 very soon.Longby sriramakh442
WIPRO price analysis on 15 mins chartWipro is sustaining above 200ema and it has formed not one but two trend reversal patterns called INVERSE HEAD N SHOULDER , the other one called CUP N HANDLE. Both of these pattern are trend reversal price action pattern. Targets mentioned on charts. Trade at your own risk. Trade safe. Longby Trademint08667
Wipro - Head and ShoulderPrice forming head and shoulder pattern in lower time frame, this analysis is valid for intraday trades which I usually dont post here. These kind of lower time frame analysis is used for my intraday trading with strategies to enter and exit on the same day. by Tradersasi23Updated 5
Wipro longWipro has given breakout in daily chart and retest done . It might go up . Longby Jayprakash_nage556
WIPRO Go LongThe only few sectors which are going to stay unaffected or say least affected from this Covid Lockdown will be IT, PHARMA & FMCG If missed the first rally then opportunity to long in Wipro If sustains at this retracement zone View negated if closed below 420 with volumes on 30 mins TFLongby Vishy51