Can we consider this ? WIPROWipro under strong consolidation and found to have weekly RSI divergence.
can this help wipro to reverse the trend
WIT trade ideas
Wipro Analysis for swing tradeNSE:WIPRO After some gain Evening Star candlestick pattern is form . Short Sell the stock. Stop Loss 396 and as the stock is in down trend no fix target . Support at 376 .
Wipro Ltd.Wipro Ltd.
Personal Opinion
If you want better stock at a good price, then you have to dare to buy at the worst time.
1. Stock is nearly 40% down from its high.
2. There is fear of a global slowdown.
3. Favorable risk-reward ratio.
ABOUT
Wipro Ltd is a global Information technology, consulting, and business process services (BPS) company. It is 7th ranked in the world, and 4th largest Indian player in the global IT services industry behind TCS, Infosys, and HCL Technologies.
KEY POINTS
IT Services Segment (~97% of revenues)
The company's IT services offerings are organized through two global business lines:-
a. iDEAS - It includes the service lines domain and consulting applications and data engineering, R&D, and Wipro Digital.
b. iCORE - It includes the service lines cloud and infrastructure services (CIS), digital operations and platform (DO&P), and Cybersecurity and risk services (CRS).
IT Services Revenue Breakup FY21
Sector-Wise:-
BFSI - 31%
Consumer - 16%
Health - 14%
Energy, Natural Resources, and Utilities - 13%
Technology - 13%
Manufacturing - 8%
Communications - 5%
Strategic Market Units Wise:-
Americas - 60%
Europe - 26%
APMEA - 14%
Global Business Line Wise:-
iDEAS - 57%
iCORE - 43%
FUNDAMENTAL ANALYSIS.
Sector: IT - Software
Industry: Computers - Software - Large
1. Market Cap - ₹ 215,493 Cr.
2. Stock P/E - 19.1
3. Price to book value - 3.02
4. Debt to equity - 0.27
5. Free Cash Flow - ₹ 9,138 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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Wipro's Earning reveal is near so an opportunity to trade Wipro.Wipro takes support on its support level again. On daily time frame wipro have taken support from its previous support level so it is a good opportunity to go long on wipro for swing trading.
intra day trade for tomorrowthe is at last support in daily timeframe with double bottom formation
we can expect a pullback
WIPRO looks green ABOVE 397.6NSE:WIPRO can be bought ONLY ABOVE 397.6
with Stop-loss of 387.7 for a target around 421.
CASH ACCUMULATION (8 months)Wipro sustaining above important resistance level
Almost 60% return target.
Wipro India ; Study and forecast Wipro doesn't look good to buy at current level as it continued going down after some short covering .
As we can see wipro is again sending some alarming signal, After few short covering session it broken down the channel then sitting at head Nd shoulder which is yet to be confirmed.
If goes down below 380 in couple of days then it mY retest the strong buy zone between 360-370₹
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Note - This is just an educational idea not any recommendations, Investors are advised to get in touch with their financial advisor before making any investment, YAHOOOO
#Wipro cash : Looks good above 391.10#Wipro cash -Positional call for 2-3 days
19.12.2022
Looks good above 391.10
Stoploss 386
Target 395.50-396/404
Cmp 389
WIPRO is looking weak to meNSE:WIPRO can show 385 soon. Entire IT sector is under pressure. But according to me, it's a good time to accumulate good stocks at their value levels.
Wipro in Buy Territory....Looks BullishWipro at years low level. Further downward journey not practical. May bouce back strongly. Keep to watch.
WIPRO ShortWipro is continuously in downfall and holding the support of level 385.
Now, it created a pattern of " head and shoulder " we may see a good fall if it closes below the bottom of the previous low of the pattern.
The share faced rejection of 50DMA and closed below it again.
Fib Retracement - Putting the Fib from the Corona time low we came to know the level of 0.618 is at 383 and that's where Wipro had taken supports if that breaks we can shorts position.
Wipro trendToday Nasdaq and IT sector took support, wipro also formed a doji in the support which clearly indicates more upside possible in this stock
WIPRO INTRADAYWipro making symmetrical triangle on 15 minutes chart pattern, Trade as per your setup.
Wipro Ltd. Sector: Computers - Software: Buy SWING TRADEWipro Ltd. : CMP 400
ABOUT THE COMPANY
Wipro Ltd is a leading India based provider of IT Services, including Business Process Outsourcing (BPO) services, globally. Further, Wipro has other businesses such as IT Products, Consumer Care and Lighting and Infrastructure engineering.
Analysis:
Wait for support level as per analysis, dip to buy best option for long term, Target 2 after breck out target 1 resistance. For Dip analysis and Learn Follow Us.
BUY: 371
TARFET: 422-472
Comment and Follow to free learn chart as well technical analysis
WIPRO READY FOR 440In 1day time frame WIPRO form descending channel and gave up side breakout. retest come to end, now ready to give 10% return.
TARGET 440
ENRTY ABOVE 400
STOPLOSS 375
Short term buy Wipro target 420/440Looking good to buy Wipro 390 sl 370 g.....hold term investment can buy now..
Wipro Can we say #Wipro is retesting 20 yrs breakout range around 385 ?? Breaking this level on MCB, next support is around 280.
Dis:- No position
WIPRO - AnalysisThe key levels for WIPRO are as follows.
Entry : 400
Stop-Loss : 419
Target : 352 - 332
Wipro Ready for a run?wipro started bullishness a week ego , now its given a clear breakout and came at support
fibonacci retracement levelcan retrace upto level of 0.618 which is 381 then it will move up, can buy now or we can buy after retracement
Wipro is in downtrends!!Check the MACD line, There must be a downtrend in Wipro till 400 or max. 385/380.
trendline below the current level is strong trendline, You can see it is break in the 6th turn.
There should be an opportunity of buying this stock after it took the support of the trendline / Resistance line.
Let's wait and watch...!!
