WIOA trade ideas
WIPRO SHORT-TERM SWING TRADE! Hi everyone, Wipro short term swing trade consider buy above: 573, target: 584, stoploss: 567.
LOGIC BEHIND TRADE: Stock recently given correction & formed double bottom & given breakout of it`s resistance (target identified from harmonic xabcd pattern level 0.886) stoploss is taken previous swing low. NSE:WIPRO
Cor relationsA strong cor relation indicates that value of one article is closely resembling with another article either positively or negatively
positive when both moves in same direction
negative when both moves in opposite direction
here wipro may have strong cor relation with nifty 50 as this chart pattern suggest
Wipro - Technical Analysis - short term Wipro falls at 536 level and make support for that , Buying opportunity we will see if they break 588 and make long green candle above 600 then
first Target is ( T1 - 636 ) .
its sustain on 636 then 2nd target is ( T2 - 665 ) .
Stoploss of 588 .
Anyone have another idea please let me know .
WIPRO | Short Term Opportunity | LONGHola,
Wipro is Available at decent discounted price than it's pears . Within 10-15 days It should regain it's 675 levels . Following trading position can give you decent trade for this month.
Important Signal to watch : Double Bottom | RSI Divergence | Trend Line Breakout Can Happen within 1-2 sessions | Started Travelling above daily point of control line
Buy Range - 550 to 575
SL- 530
Target- 675 (15-25 Days) | 750 (2-3 Months)
Best Regards
Vishal Malviya
Intraday/ very short term trading ideaThe logic to go long is written on the chart. Also the MACD indicator is showing signs of bullishness. Though I don't rely much on it as it is a lagging indicator
Expected targets : 576
S.L - As per your risk taking ability but try to keep it at 1.2 or higher
Suggestions and any comments are welcome.