WIPRO trade ideas
WIPRO290 IS THE LEVEL TO WATCH OUT, IF IT HOLD THIS THEN ITS AGAIN GONNA TEST 300 AND BEYOND, BUT 290 IS SOMETHING IT SHOULD HOLD, IF NOT THEN ITS COMING DOWN TO 284 AND 277
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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INTRADAY STOCKS SELECTIONS ( 8/9/2020) trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contractioN
WIPRO ::: LONGDATE: 29 JUL 2020.
INSTRUMENT: WIPRO
END OF DAY TREND: BULLISH
END OF WEEK TREND: BULLISH
INDICATORS:
PSAR: BULLISH
STOCHASTICS: BULLISH
PRICE ACTION:
CMP: 275.45
END OF DAY :::
BUY ABOVE: 275.48
SL: 274
TGT S: 277 / 278
END OF WEEK :::
BUY ABOVE: 277.64
SL: 275.42
TGT S: 283 / 286
RISK DISCLOSURE :
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Wipro Intraday & Swing Trade Idea for 24th July 2020Hey Everyone.
We had seen a breakout from couple of days ago in Wipro with high volume. Stock gives a small correction after the breakout which is a profit-booking and stock is still looking so strong. My view is long in Wipro and there are 2 buy levels for today's Intraday.
Intraday
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1st: Above 268
Sl: 265
Target: 271/274/279
Second: Buy from the bottom if stock come to test their support @261
SL: 259
Target: 264/268/271
Swing Trade idea
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Buy from: 261-268
SL: 255
Target: 280/295/315
Note: Writers can write 260 PE for July month for a sure shot profit