WIPRO trade ideas
Wipro, Possible Targets 520, 610IT stocks looks like made a comeback. Wipro making cup and handle pattern, 1st Target ~520, 2nd target ~600-610. Its a positional trade. www.tradingview.com
WiproI have short term idea on wipro
please make sure entry if you find any reversal candidte
stoploss must and should
WIPROWipro is all set to break out. Still not confirmed wait to close above 450 on daily time frame. we will buy above 450 closses on daily time frame bases only. & must be supported by gud volume. SL will be very low for positional trade and in 2 to 3 months we may have gud target.
SL 377 FOR POSITIONAL TRADE
Wipro - extrapolatedWipro seems to fall further and then recover and shall move sideways will keep it below 500 for along time !
Buy signal in Wipro
I think Wipro has tuched its current downswing low and is at the right place for fresh buying for next 1 month or so. I expect around 10% return.
Wipro 5th wave pendingWipro Given earlier few months back at 400 odds.. Now may be doing last move of this wave.. Can buy near 513 (can also show 507 as low ) & keep stop loss at 500 odds.. it can achieve 560-580 range in the nest 10-15 days. Risk reward seems great..
Wipro Chart AnalysisUsing FVG and Fibonacci Retracement and Trend Based Fibonacci Retracement, finding areas of support and profit booking area.
Wipro with new heightAfter a long period of consolidation and weak performance, Wipro has started to rise with strong volume, indicating that buyers are showing interest in the stock again. Now is a good time to add Wipro to individual portfolio.
WiproHere is the Wipro technical analysis. if it breaks any side of trend line. we need to trade accordingly.
WIPRO S/R for 29/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
💎( NSE:Wipro) - Chart of the week > Decent volume
> Multi-year breakout
> IT flavour of the market
> Decent price action
>>> About the company<<<
> Wipro is one of the leading global IT, consulting and business process services company.
> It is the fourth largest Indian player in the global IT services industry, in terms of revenue, after Tata Consultancy Services (TCS), Infosys Limited (Infosys) and HCL Technologies Limited (HCL).
> Wipro was incorporated in 1945 as Western India Vegetables Product Limited and was predominantly a consumer care product manufacturer till 1980 after which it diversified into the IT services business.
> With effect from April 1, 2012 (FY2013), the company demerged its other divisions (consumer care and lighting, medical equipment and infrastructure
4engineering) into a separate company called Wipro Enterprises Limited (WEL), to enhance its focus and allow both businesses to pursue their individual growth strategies.
>Wipro’s operations can be broadly classified into IT Services, IT Products and India State Run Enterprise. Wipro derives most of its revenue from the IT Services segment (96.8% in FY2020) under which it provides IT and IT enabled services, which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud infrastructure services, analytics services, business process services, research and development and hardware and software design, to leading enterprises worldwide
Bull ride is still now lightly fall of an wiproBull ride is still now lightly fall of an wipro chart.
wiproWipro Second time recomdation for long time very strong for upside seen possible as given stoploss been change 354 if break 354 level after only sell side and more chances for more downside
WIPRO WEEKLY CANDLE CHART📌WIPRO completed the bearish hormonic pattern and now its breaks the previous resistance after long duration,so will expect good moves in coming days also maintain the Stop loss at 348 at weekly candle closing basis (DYOR)
Wipro Weekly Chart Analysis Wipro has given a strong breakout on weekly time frame now if wipro again retest 450 level we will take a long position at 450 level with sl of 50 points and for target of 600 - 620
wipro outlookwipro today huge gap up than going for correction , check for support zones , buy on dips pattern
Wipro Simple Price Action Trend Analysis BullishIn the past NSE:WIPRO was in a Down Trend, thereafter a Descending Channel formed in this chart which is a Bullish Pattern.
Recently price was able to create a HH in this chart which is also a signal for the beginning of a New Uptrend.
And the price is currently reacting from a Trap Zone, this should ideally take the price up.
The First Target is 452 and Second Target would be approx. 523
WIPRO BUYBreakout & retest done
20 DEMA support
Chart setup favour in long trade.
IT sector very well performe
Sentiments are positive.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
WIPROWipro is showing strength after long consolidation. After quarterly results Wipro is about to give huge breakout breaking it's long range. Stock may go upto 550-600-650+ levels in short term keeping consolidation base as a sl. It will be interesting to see how much time stock will take to regain its all time high levels.
