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Wiproanalysis

WIPRO LONG Trade Hits First Target! Bullish Momentum BuildsWipro has shown a strong bullish movement, reaching Take Profit 1 (TP1) at 550.85 on 14th October at 12:45 PM. Key Levels Entry : 540.80 – Wipro started its upward movement from this key support level, leading to a breakout. Stop-Loss (SL) : 532.65 – This level is positioned below the entry to protect against any potential downside risk. Take Profit 1 (TP1) : 550.85 – Already achieved, confirming the strength of the uptrend. Take Profit 2 (TP2) : 567.10 – The next target to watch as bullish momentum continues. Take Profit 3 (TP3) : 583.35 – If buying pressure persists, this level could be tested next. Take Profit 4 (TP4) : 593.40 – The ultimate target signaling the potential for a strong bullish rally. Trend Analysis The price is clearly above the support of the Risological dotted trendline, indicating a strong uptrend. The sharp upward movement followed by a small consolidation suggests the possibility of further gains. With TP1 reached, the next targets are in focus, and a move above 550.85 will likely lead to TP2 being hit. Wipro has reached its first profit target at 550.85, confirming bullish momentum. The next targets at 567.10 and beyond could be reached if the uptrend holds, with solid support from the Risological trendline and strong buying interest.
NSE:WIPROLong
by ProfitsNinja
WIPRO AnalysisWipro the IT giant of Bharat has given us a cup with handle pattern. The buy point in anywhere below 545 and sell point is all time high. The company has posted consistent profits and has maintained its revenue in such difficult time for the industry. It has given a profit of 3000+ crore after 4 quarters and currently the stock is 30% lower from its lifetime high when the profit was 3000+ crore. So there is a clear opportunity in the stock. Hope you like my analysis. Please do your own analysis before investing. Do like and follow and share among your friends and family. Thank you.
NSE:WIPROLong
by ronak16125
Wipro Case Study: Elliott Wave Analysis for Educational PurposesWIPRO multi time frames charts updated Weekly Chart Daily Chart 4 Hourly 60 Min In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only. Overview: After a significant decline in the larger Wave (4), Wipro appears to have initiated Wave 1 of (5). Within Wave 1 of (5), we have observed completion of sub-waves (i)-(ii)-(iii), and (iv) is nearing completion. The current structure suggests that sub-wave (v) of Wave 1 of (5) could soon commence. Detailed Analysis: Wave (4) Correction: Wipro experienced a notable decline in Wave (4), signaling a potential shift in sentiment. Wave 1 of (5): Following Wave (4), the stock initiated Wave 1 of (5), marked by the completion of sub-waves (i)-(ii)-(iii). Current Structure: We are currently witnessing the final stages of sub-wave (iv) of Wave 1 of (5), with sub-waves i-ii-iii-iv completed. Anticipated Movement: Sub-wave (v) of Wave 1 of (5) is expected to commence soon, potentially marking the final fall before an upward move. Risk Management and Wave Highlights: It's essential to implement proper risk management strategies, including setting stop-loss levels to mitigate potential losses. Traders should exercise caution and remain vigilant for any deviations from the expected wave counts. Understanding Elliott Wave Theory can provide valuable insights into market trends and potential price movements. Remember, this analysis is for educational purposes only and should not be considered as trading advice. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:WIPROLong
by RK_Chaarts
Wipro Limited (WIPRO) AnalysisThe chart provided is of Wipro Limited (WIPRO) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary: 1. Trend Analysis: - The stock experienced a strong uptrend from mid-2020 to late 2021, reaching a peak around 740. - Since then, it has been in a downtrend with intermittent periods of consolidation and minor recoveries. 2. Support and Resistance Levels: - Resistance: - 543.55 (61.8% Fibonacci retracement level). - 606.70 (previous high and key resistance). - 711.90 (1.618 Fibonacci extension level). - Support: - 439.85 (Recent low and significant support). 3. Fibonacci Retracement Levels: - The chart shows Fibonacci retracement levels from the recent high around 740 to the recent low at 439.85. - 50% level at 523.75. - 61.8% level at 543.55. 4. Chart Patterns: - There appears to be a descending triangle pattern forming, with lower highs and a horizontal support level around 440. - A breakout from this pattern, either upward or downward, will likely indicate the next major move for the stock. 5. Current Price Action: - The current price is 484.55. - The price has recently bounced off from near the 440 support level. - The price is approaching the descending trendline, which could act as resistance in the near term. 6. Moving Averages and Indicators: - The chart does not explicitly show moving averages or other indicators, but the trend lines, Fibonacci levels, and chart patterns provide key insights. Summary: The chart of Wipro Limited (WIPRO) shows that the stock has been in a downtrend since late 2021 after a significant rally. The stock found support around 440 and has recently bounced from this level. Key resistance levels to watch are around 523.75 (50% Fibonacci retracement) and 543.55 (61.8% Fibonacci retracement). The stock is currently testing the descending trendline resistance, and a breakout above this level could indicate a potential reversal. However, if it fails to break this resistance, the stock may continue to trade within the descending triangle pattern, with 440 being a critical support level.
NSE:WIPROLong
by The90sTraderOfficial
Wipro is ready to blast for 750 Targets !!Wipro Chart is Bullish after 20% correction Wipro is on Law of Polarity working from 2021 Stock has achieved the targets of LOP which was coming around 550 And stock has corrected exactly from there !! Now stock is around Law of Polarity and also Wipro is making Falling Broadning pattern in an uptrend which indicating Bullishness. Stock is still around the support area and looking lucrative. Thank You !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:WIPROLong
by FiveCircles
1
💎( NSE:Wipro) - Chart of the week > Decent volume > Multi-year breakout > IT flavour of the market > Decent price action >>> About the company<<< > Wipro is one of the leading global IT, consulting and business process services company. > It is the fourth largest Indian player in the global IT services industry, in terms of revenue, after Tata Consultancy Services (TCS), Infosys Limited (Infosys) and HCL Technologies Limited (HCL). > Wipro was incorporated in 1945 as Western India Vegetables Product Limited and was predominantly a consumer care product manufacturer till 1980 after which it diversified into the IT services business. > With effect from April 1, 2012 (FY2013), the company demerged its other divisions (consumer care and lighting, medical equipment and infrastructure 4engineering) into a separate company called Wipro Enterprises Limited (WEL), to enhance its focus and allow both businesses to pursue their individual growth strategies. >Wipro’s operations can be broadly classified into IT Services, IT Products and India State Run Enterprise. Wipro derives most of its revenue from the IT Services segment (96.8% in FY2020) under which it provides IT and IT enabled services, which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud infrastructure services, analytics services, business process services, research and development and hardware and software design, to leading enterprises worldwide
NSE:WIPROLong
by Peaceful-Weekend-Investing
Wipro's Resilient Performance Signals Industry Rebound In a recent announcement of financial results for the quarter ending December 31, 2023, Wipro Limited showcased a robust performance, defying industry expectations and setting an optimistic tone for the IT services sector. The company reported several key highlights, indicating not only a resilient business model but also a strategic approach that positions it for future growth. Exceeding Expectations: Wipro's revenue from its IT services segment for the quarter reached the top end of its guidance, demonstrating the company's ability to navigate through a seasonally soft period. Despite challenges in the macroeconomic environment, the company reported a 16% operating margin in its IT services business, showcasing efficiency and operational excellence. Strategic Deal Wins: A significant contributor to Wipro's success was the $3.8 billion order booking, comprising 14 large deal wins. The strategic partnerships span various industries, showcasing the company's diversified capabilities. Noteworthy among these wins are collaborations with a US-based health insurance non-profit, a global technology leader, an American Retail Bank, and a Middle Eastern financial regulatory body. These deals underscore Wipro's global reach, technological prowess, and its commitment to providing end-to-end solutions. AI Integration and Innovation: Wipro's CEO and Managing Director, Thierry Delaporte, highlighted the integration of AI across the company's solutions and client offerings. Under the ai360 strategy, AI is now embedded internally across all business and functional areas, aligning with industry trends and positioning Wipro as a technology leader. This forward-looking approach reflects the company's commitment to capitalizing on emerging opportunities as the macro environment improves. Consulting Business Growth: A notable aspect of Wipro's performance was the double-digit growth in order bookings in its Capco business, indicating early signs of a return to growth in consulting services. The company's focus on people, processes, and business operations appears to be paying off, as evidenced by the positive momentum in its consulting business. Financial Rigor and Resilience: Aparna C. Iyer, Wipro's Chief Financial Officer, expressed satisfaction with the company's financial metrics, including revenue, margin, EPS, and cash flow. Despite revenue headwinds and investments for growth and people, Wipro sustained its margins at 16%, showcasing financial discipline and resilience. Industry Insights: Wipro's performance stands out in the context of the challenging macroeconomic environment faced by the IT services industry, particularly in the United States and Europe. While competitors grapple with sluggish demand and reduced discretionary tech spending, Wipro's results offer a ray of hope and suggest potential stabilization in the industry. Outlook for Q1 2024: Looking ahead, Wipro ( NYSE:WIT ) expects its IT services revenue for the quarter ending March 31, 2024, to range between $2.62 billion and $2.67 billion in constant currency terms. This guidance, coupled with the company's track record of exceeding expectations, positions Wipro as a key player to watch in the coming months. In conclusion, Wipro's recent financial results and strategic wins signal a company on the ascent, weathering challenges with resilience and innovation. As the industry looks for signs of recovery, Wipro's performance provides a compelling case for cautious optimism and a potential turning point for the IT services sector.
NYSE:WITLong
by DEXWireNews
1
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--@Resistance??The stock is currently hovering close to its resistance zone, while a distinct demand zone is evident around the 400-level mark. Furthermore, there is confirmation from the trendline. For a prudent trading approach, it is advisable to refrain from entering a short position until two conditions are met: first, a clear breach of the Demand zone, and second, a confirmation of the trendline breach. Until these two criteria are satisfied, it's more favorable to maintain a bullish stance and continue with buy-side strategies.
NSE:WIPRO
by IIT-Trader
5
Swing Buy Opportunity in WiproEntry: 416 Target: 408 SL: 424 NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:WIPROLong
by rkinspiro1
2