WIPRO trade ideas
WIPROhere are the levels for Wipro to trade for tomorrow intraday. can take both the trades if the price price breaks the trendline and closes above the resistance then we can take the long side entry and if the price breaks the support and on the retest we can take the short side trade.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
WiproMost of the price action views for a stock are reliable and here on the chart of Wipro; formation of Triple Bottom Pattern clearly depicting a new signal and will provide a good opportunity after its reversal from price of 377. Whereas new orders will arise at 400 witha target of 60points and the booton of the pattern will be a stoploss for the trade.
Thank you.
Hope you like my view.
Symetrical triangle A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern
Buy Wiproabove 391 target 394.90, 399 sl 389.45
wipro w pattern in weekly time frameW pattern in weekly chart. By the way, this stock is fundamentally strong in my view so, didn't sold even I have a bought near 450 to 500 rupees. After consolidation again wipro is ready to move up with good pattern.
Please consult your financial advisor before investing.
All Research for educational purposes only
RSI Divergence in Wipro You can see that the stock has made a higher-high but the RSI has made a lower high
Further, the stock also has broken a trend line, thus the trend has been broken
To support this analysis the stock has crossed its 20-MA.
My target would be around 386-388
and 2:1 reward risk ratio