#WIPRO might be a long term Bottom for it here
#WIPRO : #SIP
Long Term : So from Technical Analysis Point of View, This is a very interesting Point for WIPRO which might generate a very high Reward with respect to the Low risk. WIPRO Price has tested All Time high Price from Year 2000, which was broken by WIPRO after 20 Years, So 390.00 is a Price level flipped by WIPRO after 20 Years. Its been 7 Months now Price is consolidating and holding this level, It might follow the same path and remain below 450 for next 6 months or even year, I am not sure, But as it starts breaking out upside, This might become a multi-bagger of dreams. Hence I am personally opening a SIP in it for next 2-3 years or longer. My Invalidation is simple Monthly/Weekly Candle closing below 375.00 Price Level. I will be adding the dips and holding it with this invalidation. Whether I am very bullish or Bearish on anything, Risk Management still the priority. Hence Position will be with managed funds.
Short Term : I have 415 as my Next Target with SL below 380 for a swing Trade.
Feel Free to DM me for any suggestion.
Long Term : So from Technical Analysis Point of View, This is a very interesting Point for WIPRO which might generate a very high Reward with respect to the Low risk. WIPRO Price has tested All Time high Price from Year 2000, which was broken by WIPRO after 20 Years, So 390.00 is a Price level flipped by WIPRO after 20 Years. Its been 7 Months now Price is consolidating and holding this level, It might follow the same path and remain below 450 for next 6 months or even year, I am not sure, But as it starts breaking out upside, This might become a multi-bagger of dreams. Hence I am personally opening a SIP in it for next 2-3 years or longer. My Invalidation is simple Monthly/Weekly Candle closing below 375.00 Price Level. I will be adding the dips and holding it with this invalidation. Whether I am very bullish or Bearish on anything, Risk Management still the priority. Hence Position will be with managed funds.
Short Term : I have 415 as my Next Target with SL below 380 for a swing Trade.
Feel Free to DM me for any suggestion.
On Telegram :
DM : @holdwithPriyank
DM : @holdwithPriyank
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