WIPRO trade ideas
Wipro at the top of its long term range. heading downNSE:WIPRO is playing at the resistance of its long term range.
It looks like that's the end, and now it should be heading down to touch the support of its long term range or at least consolidate till the support is reached before a fresh move above.
WIPRO - PRO+GOOD FOR A QUICK OPTION
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS ,, MOTHERSUMI , DLF , BRITANNIA
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
Wipro.. Intraday trade.. SellOnly for intraday. The share price had moved below the 50EMA and had respected it. Couldn't break it up again. Likely to fall on Monday.
What Next ?can there be fall from all time high price level ?
yeah possible
RSI - drawn resistance trend line to be watched
consistent volume has given descent support so far
so keep a watch on volume candles
exit short on crossing and closing above
rising Resistance trend line
where to book short ?
or
where to enter for fresh long?
levels for above questions -
541, 530, 515
disclaimer - for study purpose only
WIPRO FOR SWING TRADEWipro has rallied too much; it needs to correct the price so that when it breaks the support, it may bounce back to the previous levels.
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis.
INTRADAY AND OPTION WIPRO WIPRO
SELL 552 TO 555 S/L 562
TARGET 548 TO 542
FOR 500 PUT OPTION GOOD VOLUME TRY
LOT SIZE 1600 BUY 0.60 TO 0.65 NO S/L
TARGET 1 TO 1.50
Check average and do short tradeCheck price average for 50,30,15 days and do short trade.
Buy - when Green line is top of orange and red.
Sell- When Green line is bottom from orange and red.
Wipro : Flag Break Out | Friday Trade - 11th JuneStock has given flag BO in 15 min TF and also taken support at 78.6% and then 100% Fibo levels.
Looks good above 556 for tomorrow if doesn't open gap up tomorrow
Wipro 554 - Our trading reviewWipro 554 - Our study has ALWAYS failed for WIPRO. We expect Wipro has resistance at 568 ( on close basis )
Wipro Analysis For 11 June 2021Wipro Analysis For 11 June 2021
If Wipro opens above 555.55
Then
Tp 570
SL @ 549
Risk Reward Ratio Is 1:3
Wipro The Perfect Short Wipro is Giving opprtunity to short at current levels . Sl Tgt on Charts
Capital allocation - Less
Risk - High
WIPRO view and levels for next two daysNSE:WIPRO
Wipro looks to be in a good value are. Entered the stock since the risk to reward looks good.
Tweezer bottom at a very good confluence of support(trendline+200ema/15min+support at 50% fib retracement). confirmed by good volume buying.
Can be watched for next two days
Last 2 15min candle shows good volume of buying there.
planning to exit the trade on Friday.
Nifty IT also shows a morning star pattern in 15min time frame at 38% retracement.
If opens gap up tomorrow it will be a good sign.
WIPRO - Intraday TradeWipro has been halting at its ATH zone for quite sometime. Today it bounced from the TL mentioned in chart.
Looks good to buy above 547.
On the contrary if breaks TL then can expect a quick fall - Sell below 530 (fall might be very quick so need to book fast before it bounces).
P.S. Volumes have been decreasing in the stock, keep an eye on the same while trading
