Ascending order candle in wiproFinally wipro broke weekly support
And now trying to get new levels and swing
Wiproanalysis
Wipro @ Supply Zone + ResistanceObservations::
----->> It is near its resistance.
previously a strong fall is observed here, a strong fall happens before day,
but price is again showing bullish pressure, price may reach again 408, 413 zone,
keep track this for continue or reversal.
Keep on buyside for the target of 402,405.
#PERSISTENT... looking good 17.05.23#PERSISTENT.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
W pattern in wipro (very bullish)Wipro made w pattern at the bottom of the chart which made it very bullish for future.
Buy it at above 380 (candle close above third level)
Target 386.95 394.50 400 408.20
Sl 367
Wipro Break Very Importent Level wipro break importent level with 200W Moving Average. In upcoming weeks we will see a fall In wipro stocks
(Always Do your own analysis)
Wipro Bullish in 1 DTF!#The Pattern is a simple Support and Resistance
Points to Look:
1.The Channel Pattern is slanted downwards, this pattern has a high success rate!
2.Inside the pattern the recent trend is Bullish(Higher Lowes formation)
3.There is 'W' shape pull visible(23 Dec to Jan 6 touch points) in the trend which is also a good bullish sign.
4.Despite all this wait for a confirmation candle tomorrow and then take the position.
5.The Stoploss is minimal which can be kept below the upper trend line also shown in chart.
$Happy Trading Mates$
Symmetrical TriangleWipro is on low looking good buy around breaking above the triangle pattern, expecting target given on the chart with below level as stop loss.
Lets see..
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Wipro broke falling wedge on daily TF also RSI above 60+ on dailWipro broke falling wedge on daily TF also RSI above 60+ on daily weekly
taken support from 60 level its good time to get in
WIPRO LTD 60% RetracementNSE:WIPRO has retraced 60% from its top. As per analysis, this is the best time to make entry for long position.
My entry point is 380. Will wait for target of 449 & 515
Stop loss will be only 30 points (350)
Note: This is my personal analysis, only for learning.
Thanks.
Wipro forming Cup and handle FormCan take a trade above 430 levels for long term
If crossed those levels will give a very good move
#wipro
WIPRO ANALYSIS!!, 50 MOVING AVERAGE!!WPRO has given a bas returns this year, its quartly results also gave a negative affect on its stock prices. but this are all short term, things.
this stock has pastly given great returns(look at the past trend i have drawn, the returns are approx.. 45% in a year).
long term things are the moving averages, stock is in tis 50 moving average, as shown in its chart. good stock to buy now.
Wipro formed Spinning Candle at weekly supportWipro has been respecting the 400- 385 zone for the past many weeks.
And this week, it formed a spinning pattern at the same support zone.
Now the chances are high that above 400 levels, it could test 420-430 levels in no time.
On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels initially.
400 level may act as temporary resistance and any breakout above this level, the stock would most likely be moving towards 420-430 levels.
My view on #WIPRO#Wipro ltd is now at the support levels.
Now it may consolidated for some time, then make up side move for 449, 456 and 496.
First support level is 399.70 & Second support level is 381.10.
Note: This is my personal analysis, only for learning.
WIPRO WITH A FRESH START!!nifty it is now started showing a bull trend. i had even previously posted about tcs and nifty it, where i could a lot of cheers.
one can take target @426
target 1- @450(for very short term)
target 2- @526(for swing trade)
one can go for lonf term by currently buy at this point, since 400 is the the bottom(and accordingly to my analysis it cannot go down any other further).
WIPRO 1W TFWipro reversing from a very important fib level on monthly TF.
One can go long in this for upcoming months, it is going to give great returns in the coming months.
SL :- 380
Target :- 700+
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Wipro - Trend line Resistance - Learning- PositionalBuy above trend line (Which is resistance for now)
Safe trade can wait till 4 hours candle close above trend line
Stop loss 400 closing basis.
Target 1: 430
Target 2: 436
Wipro at weekly supportWipro at weekly support.
47% down from ATH.
Rsi oversold, followed by positive divergence.
Observe price action in this zone, ( 374- 408) - stock might bottom out here.
INVESTMENT:- WIPROWIPRO Buy at 400-420
Accumulate till 300
Target 600,700,800
e.g-If you want to invest 1 lakh then buy Wipro now at 400 with 35000 capital. If wipro fall till 300 then buy again with 65000 capital
Wipro Ltd swing trade Positional View short term & medium term Wipro Ltd swing trading Positional View short term( Daily Time Frame) and Medium long term( Weekly Time Frame
Wipro Ltd is Currently in down trend and this idea is Pull back trade on daily & weekly time frame.
This is a Risky trade with lower stop loss and with min 1:3 RR.
Trade can be taken with strict stop loss at traders risk.
Best Accumulation zone between 466 to 480 for Daily Time frame
stop loss @ below 465 on daily time
1st Target @ 526 on daily time frame
Best Accumulation zone between 441 to 466 for Daily Time frame
stop loss @ 440 on weekly time frame
1st Target @ 546 on Weekly time frame
2nd Target @ 576 on daily time frame
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
WIPRO LTD Trend Analysis4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.
Company is having sound fundamentals.
Technically it is highly bearish.
In short term, a pullback towards 500 odd levels is more likely for a possible bull trap.
530 level will act as strong resistance zone (highlighted in red).
Expecting IT index to correct further 30% towards 21000 odd levels which will drag this towards the support level around 330-365 level.
Accumulate around 330-365 level as it lies in confluence with trendline support and golden FIB zone.
Will update the possible targets later.
Do your own due diligence before taking any action.
Peace!!
