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Wipro

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.
NSE:CNXITLong
by AdityaKarn90
2
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
NSE:WIPROLong
by AdityaKarn90
WIPRO - Break of 300 Resistance zone | HIGHER LEVELS INCOMINGThanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks WIPRO has crossed above the 300 resistance zone with good volume which is a bullish sign and should be able to hold the level. The IT sector has been doing good in this market and has seen the second-highest rise since the crash after the Pharma sector. Since WIPRO is a part of the IT sector, I would have a bullish view on this stock for some time. WIPRO can come down to test the SWAP zone again but that should be a buying opportunity and we can expect more run-up in this stock over the next few days. In terms of day trading, once the pullback is over, then buying dips would be a good strategy. On the bearish side, if the overall market turns bearish due to some reason, then I would not prefer to be on the buy-side of any stock. Please choose your trades wisely. Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision. “The trend is your friend until the end when it bends.” - Ed Seykota
NSE:WIPROLong
by iSauravKr