WIPROK2024 trade ideas
Wipro RSI convergenceHeavy Convergence observed in Wipro additionally It's taking support from Fib level 0.618 and we can see a kind of cup and handle pattern in 2 hour candle too many bullish signals. Taking a long position and holding for sometime
#WIPRO possible to buy#WIPRO trading 476 formed bullish pattern,
Today trading our retracement level,
we can buy above 478 and tgt 485
SL: LIVE
#WIPRO possible to buy
#WIPRO trading 566.75 formed bullish pattern,
Today trading our retracement level,
we can buy above 568.5 and tgt for 573
follow SL 562
Question on Wipro FuturesQuestion on Wipro Futures
Stock has down and out for quite sometime with sustained selling.
Its now approaching an important support of 531-524 zones.
Keep an eye on this level, Risk takers can look to go long near this zone.
wipro analysis for monththis is trail of my new stretegy for stocks which results are coming please dont trade . as wipro result is coming on 12 jan . if price come to our demand zone near result days then it will give a good bounce.hope for best .thanku
Buy Wipro June Fut at 521 with SL of 508 Buy Wipro at 521
SL 508
TGT 550
RSI above 65
ADX is above 25
In 52 W high zone
WIPROOOOOOKeep an eye on Wipro it seems to be moving good.Good fundamentals are pumping up the price with on right terms.
Wipro - Balance - Look below and accelerate ?Wipro: We have seen strong Demand Imbalance causing good bull Run.. but "Shortening of Demand thrust" indicates a small Reversal or correction.
Big correction is due as per Elliott analysis.
Trade Facilitation to the upside is good, so far.. but it has to breakout from the current balance, if not - Look below and fail, or Look below and accelerate..
Hence Neutral trades are good.
Why Wipro may be headed up to new highsWipro seems to have completed a W-X-Y correction at its recent lows. Note that X wave is a triangle which is clearly evident. The subsequent upmove can be charted out as an 1-2 with waves 3-4-5 still awaited
A lot of the India IT stocks are headed up - see recent posts on Mindtree/TCS
