Wipro
Wipro Intraday Analysis and Prediction for 08.03.2021Things to be kept in mind :
``````````````````````````````````````
>> Take this trade only if Nifty is red in its pre-market session.
>> Take this trade only if Wipro opens equal to or below last day close price.
>> Maintain strict stoploss as per risk adequate.
>> Trade under professional supervision only.
WIPRO LTD EXPECTED MOVE - TRADING IDEA - WIPRO INDIA WIPRO LTD EXPECTED MOVE - TRADING IDEA - WIPRO INDIA
WIPRO LTD - Under the triangleWIPRO
Triangle- waiting fo Breakout
Bouncing 0ff 100 MA
buy the breakout with volume
Targets in green
Wipro trading IdeaAs it showing Wipro is trading on harmonic butterfly pattern. Keep an eye on 394 level if this level does not break and the price crosses over again above 410 level again. We can target 480 level.
Wipro on supportWipro previously gave pennant breakout at daily timeframe but failed to achieve target, now wipro at major support and at 50% retraement.Targets on chart...
IT STOCKS - Start of another leg of bull rally? - ANALYSISThe analysis is done purely based on chart patterns and price action.
The analysis is done on 15 min TF, but the target as shown in charts can take couple of days upto weeks.
As can be seen from NITFY IT chart as well as from charts of stocks linked below, price went for retracement phase, made a low on 21st December 2020 and then gave breakout from trendline.
Thereafter the price gave good breakout and came down to retest the levels.
This can be a signal another leg of bull rally.
Targets are determined with the help of Trend-Based Fib extension tool.
Traders must check for signals of reversal before entering into any trade.
This analysis is just for study purpose and to show beginners how to analyse a sector and its stocks.
This is not a trade recommendation. Traders must trade with their own risk and money management.
TCS chart analysis-
INFY Chart analysis -
WIPRO chart analysis -
HCLTECH chart analysis -
Feel free to comment for any suggestion or query regarding price action or chart analysis.
Wipro buy opportunity wipro near crucial levels
possibility to fill the the gap is high
caution:- it may come down to test the levels again and then make a big move up
but target is sure to come within the next few days
trade safe
keep SLs wisely
happy trading
WIPRO Long for Target 530WIPRO moved as shown in previous chart.
It may correct to 400 in coming days. Monday January 11 it may cross 450 . Then a correction to 400 and rally begin for target 520+ .However its not end .
Wipro Breakout Tech Rally Started . Wipro is Leader and will outperform 2021 . Elliott wave 3 or High impulse wave started for target 450 till March 2021 and can cool off near 400 in correction making wave 4 then to start journey towards wave 5 making High of 500 .
WiproWIPRO
Currently Trading -364.20
Target 1-370.70
Target 2-377.55
Target 3-389.30
Reason
Macd cross over the signal line towards upward movement.
Short term investment Target
WiproWipro
Currently Trading-364.20
Target 1-370.70
Target 2-377.55
Target 3-389.30
Reason-
1.Macd cross over the singnal line towards upward movement.
WIPRO - NO FRESH ENTRYWIPRO is not giving any fresh opportunity on daily basis. However, once it kissed 346 can add some quantity.
WIPROI'm not an expert I'm just sharing my views on WIPRO for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
WIPRO - Darvas Box Breakout & Retesting - short term swingThis analysis is purely based on price action and Chart Patterns.
Through this analysis, a special strategy of how to trade DARVAS BOX is explained.
For similar case, one can refer the 15 minute chart of HEROMOTOCO from 03-Nov to 11-Nov. Similar Darvas Box breakout worked there.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
