downtrend line Breakout in Wipro and retest with strong body
I am people I am looking to buy a side above 410, In a one-day time frame inverted h&s making also near 200ema, consolidation near EMA so the potential is for buying long.
Rangebound Full day in between 404 to 406. Next movement is near. Ready to fly in sky - target 410 within monthly expiry. or fall in to retest target 400 to restart bullish journey.
wipro 15minutes candle breakout waiting position for intraday buying or selling.
Wipro might reach the target of around 760+ in the upcoming weeks based on the price action. Lets wait and watch
WIPRO has given breakout and even in todays heavy selling market it holded its breakout level which indicates its not a fakeout.
hello traders pls do your own research also ask any doubt in the comments sections pls watch the full video for full details _/\_
👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
Wipro Analysis For 11 June 2021 If Wipro opens above 555.55 Then Tp 570 SL @ 549 Risk Reward Ratio Is 1:3
All the reasons for the trade have been explained in the video. --HAPPY TRADING
In the previous 2 quarters IT stocks rallied strongly going into the results with the rally fizzling out post results. Lets see if history will repeat again in March
Wipro 444 : Wipro momentum is weak. Keep SL at 462 for Target 390.Fundametlly also Wipro is overvalued with 17.5 EPS and P/E 25.5. Better valued would be around 280-300.
Wipro now at resistance - 289.35 If breaches resistance next target will be around 334 Support at - 254.45 if breaks support target will be around 231 & 190 respectively
WIPRO OVER ALL TOP : 344 ( 10 YEARS TOP ) IF IT BREAKS 344 BUY @T ENTRY : 347 STOP LOSS : 320 TARGET 1 : 353 TARGET 2 : 356 TARGET 3 : 360 TARGET 4 : 374 HI FRNDZ PLEASE SUPPORT OUR FOLLOWING CHANNEL : www.youtube.com : www.instagram.com : twitter.com