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WIPRO trade ideas

Wipro Trend based Fibo Extensions The chart show support between 375 - 352 with targets projected by the Trend based Fibo Extensions. We have 2 Fibo extensions here. 1. Starts from 159.80 to 739.85 and than placed at 352 for projections. 2. Starts from 352 to 443.75 and than placed at 375.05 for projections. The Fibo projections are clearly visible on the charts. With support at 352 the Fibo projections help us to estimate the probable important target levels that can be traded in coming year.
NSE:WIPROLong
by satyajbims
Navigating Wipro: A Strategic Analysis for Informed Trading Wipro is currently positioned near the 75-minute demand zone, serving as the lower time frame (LTF) for execution. Let's break down the analysis across different time frames for a comprehensive overview: Current Market Dynamics 📊: LTF (75 min): Trading close to the 75-minute demand zone, considered for execution. ITF (Daily): On the daily time frame, the trend is in an uptrend, with the price residing in the daily demand zone. Notably, the stock is approaching the EMA 20 on the daily time frame, indicating potential support. HTF (Weekly): Zooming out to the weekly chart, Wipro is positioned in a fair price area. Trade Plan on 75-Minute Time Frame ⏱️: Target and Stop-Loss: The upper box on the 75-minute chart provides details on entry, exit, target, and risk-to-reward ratio. 🚨 Risk Management Reminder: Ensure your risk-to-reward ratio aligns with your trading strategy and risk tolerance. 📝 Note: This analysis is for educational purposes only and not financial advice. Trade responsibly. Trade Smart, Trade Confidently! 💹✨
NSE:WIPROLong
by AfnanTAjuddin
Wipro can Rise, investing in Wipro is an idea wise.Wipro Ltd. CMP – 400.20 Market Capitalization Rs 2,08,995.4Cr Red Flags: Declining annual net profit Green Flags: No debt Zero promoter pledge FIIs are increasing stake MFs are increasing stake Improving cash from operations annual Promoter holding increasing Previous Happy Candles Number – 71/100 New Happy Candles Number – 56/100 Fresh Entry/ averaging / compounding after closing above 404.5 Targets: 416 and 424 Long term target: 436 and 444 Stop loss: Closing below 375 The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:WIPROLong
by Happy_Candles_Investment
Short Trade Idea: Wipro (WIT)The share price of Wipro (WIT) has declined by around 6.88% in the past month. This short trade idea focuses on selling the asset, based on the following strategy: 12-day exponential moving average (EMA) below 26-day EMA: This strategy seeks out assets where the 12-day EMA is below the 26-day EMA. This indicates a potential bearish trend and suggests that the price may continue to decline in the near term. Significant support levels: The asset should also have significant support levels that can serve as profit targets. These support levels act as price levels where buying interest is expected to outweigh selling pressure, potentially causing the price to bounce back. By selling the asset, traders can aim to profit from the expected downward movement in the share price. However, it's important to note that this strategy carries a somewhat high risk tolerance and is suitable for a short investment horizon. Please note that this trade idea is based on the provided facts and does not take into account any additional information or analysis. Traders should conduct their own research and analysis before making any investment decisions. Technical Outlook Technical Analysis: Wipro Approaching Key Support at $4.5 Wipro's stock (WIT) is currently approaching a key support level, just 10 cents away from 4.5. The stock's price action is crucial at this level, as dropping below it could indicate further losses ahead. On the other hand, a failure to break below 4.5 could be viewed positively by market bulls, potentially leading to a retracement. Yesterday, Wipro's stock formed a "Bearish Harami" chart pattern, signaling impending bearish sentiment. This, combined with the ongoing downtrend, suggests that the stock's downward movement is likely to continue. In the past 5 days, Wipro has appreciated by 1.32%. The stock is currently trading with a market cap of $23.99 billion. Yesterday, there were 960,788 shares traded, which is below the average of 1.73 million shares. Wipro's immediate support level is around 4.57, while its resistance level is at 4.62. These levels will be important to watch as the stock's price action unfolds. In comparison to other themed assets, Texas Instruments closed yesterday with a 1.82% drop, Apple saw a rise to 179.23 from 176.65, and Microsoft was up 1.06%. Overall, Wipro's stock is at a critical juncture, and its ability to hold above or break below the $4.5 support level will be key in determining its future direction.
NYSE:WITShort
by NomolosAI
Goldencross Strategy PT-7:A value play in IT *Goldencross strategy is one of the efficient strategy in long-term investing* Follow the FIVE rules below.👇 1) Book 50% of profit at TP-1. 2)Book whole profit at TP-2 or wait for deathcross and Book whole profit when happened. 3) Stoploss is when deathcross happened,be patient in volatile situations. 4) Wait as long as it hits TP as it is sluggish but strong bullish strategy. 5)Keep your capital allocation based on your RISK. **CHART IS SELF EXPLANATORY* Disclaimer: This is not a financial advice based on your POV.Everyone has distinct financial objectives and time horizon.
NSE:WIPROLong
by SravanMac