Long

SWING IDEA - WIPRO

Updated

Retesting Current S/R zone @ 455.
Weekly closing above 455 levels should see a good move toward 500-520 in the coming weeks

Note

Stock has perfectly bounced back exactly at the Support Level "455" mentioned earlier. Get ready for some move upward.

Note

Positive News:

Wipro Bags $500 Million Contract from US Communication Service Provider. In addition to this order, 455 was also the Key Support levels which helped the stock go up further.

Note

Positive News:

Wipro has extended its contract with Hanesbrands and announced a new one with financial services company GBST via a new collaboration that will offer comprehensive administrative services for superannuation, wealth, and pension companies, according to Tuesday filing to the stock exchanges.

The collaboration will help clients to transition from legacy IT environments, the filing said.

Note

We are half way done with our Target. Achieved 8% so far. Another 7% to go.
Also MACD Crossover is almost about to happen. Once the cross happens, we can see a good rally upward.

Note

We are very close to our Targets now. Just a few more points left. Also MACD is crossing over. Ideally next week should take the stock more up after the MACD crossover successfully completes.

Trade closed: target reached

Trade Completed. Target Achieved.
Total 18% Profits booked.
Time Taken = 7 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!

Note

Close to 20% Profits done so far from our Entry Zone. Congrats to those who are still holding on to this trade and booking bigger Profits.

Note

Achieved 23% Profits so far. Congrats to those who are still holding on to this trade and booking bigger Profits.

Note

Close to 26% Profits from our Entry Zone. Congrats to those who are still holding on to this stock and booking higher profits.

thepranam

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