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WIPRO LTD

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WIPRO trade ideas

Wipro (NYSE: WIT) - A Potential Cup and Handle Pattern Emerging?What is a Cup and Handle Pattern? The cup and handle pattern is a bullish continuation pattern often seen in technical analysis. It typically signifies a temporary consolidation followed by a resumption of the uptrend. The pattern resembles a teacup with a handle, hence its name. The cup portion forms a rounded bottom, while the handle is a smaller consolidation near the highs. 📈 How Might Wipro Move? If Wipro indeed confirms this pattern, it could indicate a potential bullish breakout in the near future. Traders might look for a decisive breakout above the handle's resistance level as a signal to enter long positions. The projected price target can be estimated by measuring the depth of the cup and adding it to the breakout point. 🔍 Key Levels to Watch: Resistance: Keep an eye on the upper boundary of the handle for a breakout confirmation. Support: Previous lows within the cup formation may serve as support levels in case of pullbacks. 📅 Stay Updated: As always, it's essential to combine technical analysis with fundamental research and stay updated on company news and market developments. 🚨 Risk Disclaimer: Trading involves risk, and patterns may not always play out as expected. It's crucial to manage risk carefully and use appropriate risk management strategies. Keep an eye on Wipro's price action in the coming sessions to see if the cup and handle pattern confirms, potentially signaling a bullish continuation. Happy trading! 📈💼
NSE:WIPROLong
by CyborgTradingHub
WIPRO COMPLETE MERKET CAPAccording to the previous one year WIPRO LTD following a strong trendline its very strong never breakout whhowing from previous one year and its showing Retracement following at marked Circle lables a suittable stock for longter as well as sort term treaders for buyers its a perfect entry point at 470.00 label expected target must be higher than this years high {529.00} means it must be like 580 to 600 for long tearm if the trendline shows any breakout then wipro will be fall like crash following the circle as support leble follow for more thanks you
NSE:WIPRO
by tradergyan01
1
Wipro sell given on 22 jan next Target 430-425On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:WIPRO
by JaiPrakashShuklaHarmonicTrader
Wipro ready for fall to 428 and 390On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:WIPRO
by JaiPrakashShuklaHarmonicTrader
Wipro gives breakout after 19 MonthsWipro's stock has exhibited a consolidation phase over the past 19 months, primarily fluctuating within the range of 316 to 412. However, a notable breakout occurred on December 6th when the stock surpassed the level of 412. Subsequently, the stock price advanced and approached a significant resistance level at 460. Today, the stock experienced another breakout at the 460 level, accompanied by robust trading volume. The next resistance level to watch is at 530. If the stock manages to surpass this resistance level convincingly with a strong breakout, there is a potential for the stock price to advance further and reach the 620 levels. This analysis suggests that the recent breakout at the 460 level, coupled with favorable trading volume, has the potential to propel the stock toward higher resistance levels, with 530 being the immediate target and a subsequent target of 620 if the 530 resistance is breached convincingly. *Do your own research and invest wisely.
NSE:WIPRO
by Nahush_Waghmare
WIPRO (Strong Breakout Candidate)WIPRO has given a clear breakout on the weekly chart. The stock has a possible upside of 515, 565, and 615. Also, strong volume buildup can be seen from the last 4-5 weeks. The stop loss can be placed at the 427 level (Weekly Closing basis). #WIPRO. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:WIPROLong
by onkarsoundankar
1
Wipro Breakout (Trend Reversal)Hello friends, As you can see on this provided chart that price was trading in a descending channel with lower highs and lower lows but from the last two swing lows it rescued from previous swing lows and formed higher lows and trying to change the trend and now it gives a breakout of channel resistance and formed a higher high with this breakout so we can hope it is a starting of trend reversal and can see good price expansion in coming sessions, targets mentioned on chart for this trade, 400 levels is looking a good support zone now on weekly closing basis. This is not and trade or investment advice. This idea is meant for learning only.
NSE:WIPROLong
by AMIT-RAJAN
25