Wipro
Buy Abv 410
SL 375
Target 444, 488, 530.
Need to close in Weekly timeframe with breakout candle.
WIT trade ideas
INVERTED H&S FORMATIONBoth in Secondary and Minor Trend the stock in UT. Now in the Inverted H&S formation. In Fib Rt also, the trend is in second level of support, ie., still in bullish control. If this Pattern formation continues, the TARGET would be around 700-718.
WIPRO Short term and long term view Stock has consolidated good and started making higher high , trend continuation expected if the level are maintained . A classic round bottom in formation , immediate short term trade trigger could be the break of triangle for a good bump .
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
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
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
WIPRO Longterm viewExcellent chart pattern..
1. Made high in year 2000 -- 350.
2. Traded in a channel for a long time and broke out of 350 resistance.
3. Made high of 700 -- Exact 2x.
4. Dropped back only to get support at exact 350.
Bullish engulfing on Monthly time frame
Risk: Reward a mouth watering 1:8
WIPRO announced Shares buyback.
WIPRO |STRONG BREAK-OUT | LONG-TERM WIPRO has given a clear breakout on the weekly chart and looks good.
WIPRO
CMP:- 467
Targets :- 476/520/616
Stop :- 425-427 levels. (WCB)
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 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.
