WIPRO trade ideas
Wipro strong buyWipro is out of the consolidation phase
almost 1.5 years of consolidation
good volume breakout
Wipro: Long-370 SL-357 This Stock has taken a good retracement of 61.8% and now it is sustaining at the said level. I am expecting it to come down further to 368-370 range where I am planning to enter if it shows some sign of bullishness on daily timeframe with a supportive global markets scenario. I would have SL for this trade @357 and expected targets would be 411..445..479..500..
Wipro - Weekly Time FrameWipro: 470
Strong breakout after 553 Days (1.5 Years) with rising volume
T1: 532
T2: 613
T3: 740
SL: Stop-Loss for Safe players should be 402 on Weekly Closing Basis.. Risky Players can place stop loss below previous Swing low 380
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.
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.
Wipro bullishWipro forming a diametric patter. Currently it has completed wave d and now we are in wave e of diametric pattern.
Generally in a diametric pattern Wave e = Wave c in terms of time and price.
Wave e= Wave c comes @ 550-555 levels
261.8% retracement level = 550-555 level.
So, Target = 550-555
Stop loss- Wave d low- 445-446.
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.
Wipro New run is startingWipro is at cloud support on monthly charts & this could be taken as a great support for a big move. Can keel stop loss near 388 levels for target of 470 -540 & further new highs in long term.
Watch out for WIPRODarvas box breakout
Retracement completed
Trading above EMA50
RSI above 65 and rising
Volume rising
Wipro is in the support area !!!Considering the Monthly time frame, Wipro is in its support area.
An ABCD chart is presented here
I am not sure the price action will follow this..Let's see the moves
Note: For study purpose only
this will the flavor for many monthsFib - 38.2% from a higher zone is strength.
Candlestick- a stack of green candles one after the other is telling me bulls have taken charge,
MA- the golden crossover happened long back on the weekly charts.
Volume- the rally is supported by volume is again strength.
Conclusion- I think IT will definitely be the flavor for many months ahead .And this stock is one stock for traders and investors both.
Wipro- XXWipro- XX
1) Curvy Formation
2) Weekly TF retest
3) Even on Daily TF seems ready to Breakout.
#WIPRO(W)- BOX Pattern #breakout 🔥🚀 #WIPRO(W)- BOX Pattern #breakout 🔥🚀
-CMP 465
-Retest done
-Ascending MonthlyCPR
-Huge Volume buildup near the #breakout zone
#Wipro cash : Looks good above 463.10#Wipro cash -Positional call
09.01.2024
Looks good above 463.10
Stoplsos 450 Tgt 478-480/500/520
Cmp 451
Wipro - Falling Wedge as on 6-1-2024Hello Friends,
The falling edge is seen for the Wipro stock. Let us see the direction of the breakout.
wipro inverted head and shoulder and current month narrow rangenarrow range in weekly chart
last year pivot range 497 is the first target.
this month resistant R1 514 is the 2nd target.
this month pivot 435 is first support.
this month S1 390 is the 2nd support.
now it is consolidating mode.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Right time to invest in WIPROIn weekly chart we can see after double top price was fall. And whole 2023 reate a strong support at 441.70.
Very Strong Support - 441.70
Now 464 resistance level is breaking. If we see this week creating a red candle but volume is good and as expected price will go higher and touch 500 within couple of month.
It Creating cup and handle pattern.
If we see very carefully couple 7 consecutive 7 week creating green candle with a good volume.
It's a good sign for investor.
WIPRO
Prices have broken out of its medium term consolidation phase where it was been capped below 420-450 zone.
The MACD has given a bullish signal by going above trigger line.
Monthly RSI has also bounced from Oversold level.
Long Term Uptrend is expected to resume, wherein initially we can expect a test of previous all time high of 740.
Bullish outlook remains intact as long as price is above 420.
Wipro Looks buy based on Hourly charts for 10% upside in 1 MonthWipro Looks buy based on Hourly charts for 10% upside in 1 Month.
Flag pattern breakout will happen above 475.
WIPRO- 600 soonOne cad add Wipro for a target of 600, it came out of range after 1.5 years of consolidation, given the breakout with increase in volume, trading above all the EMAs, bounced from 61.8 % fib level, Sector support.
Time frame- 4 to 6 months
Wipro-750+ possibleWipro after very long consolidation, gave a monthly breakout and can head towards 750 levels.
Disco- Invested
