One Swing trading Equity Option -WIPRO WIPRO Sell below 579
SL 616 on weekly closing basis
Target:- 554, 527, 450
So, we have to initiate a bull put spread -
April Expiry
580 Put buy along with 550 Put sell
If 550 is not achieved in the April expiry then one can again take this trade for next month's expiry provided the trade should be in profit.
(For example:-u can initiate 560 Put buy along with 530 put sell if Wipro would trade at 560.
u can initiate 540 Put buy along with 510 put sell if Wipro would trade at 540.)
Disclaimer: -Views are for ‘’EDUCATIONAL PURPOSE ONLY’’
Trade at your own risk.
Wiproanalysis
EXPECTATION OF A BULLISH MOMENTUM IN WIPROAs per the 2H Chart of WIPRO, we're expecting a Bullish Momentum in the Stock, where from its Current Market Price of 638.40, the stock is being expected to initially face a resistance at the levels of 645.05, 652.25, and at around 658.75. In addition to this, the stock may face a support at the level of 633.55, on a closing basis.
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
WIPRO - WATCHOUTWipro was in downtrend moving towards the previous demand zone. Demand zone gave a good support and now price is moving towards the break of structure (Downtrend -> Uptrend).
If price manages to close above 667, look for a retracement and enter the market.
Since the results are good, we can expect a good move in Wipro now.
WIPRO broadening-wedges-ascendingHello
Welcome to this analysis about WIPRO , we are looking at daily timeframe perspectives. WIPRO is developing here that will be a decisive factor in the upcoming times. I discovered the main formation WIPRO is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how WIPRO has emerged with this key broadening-wedges-ascending formation marked in my chart with the black boundaries. WIPRO is near RESISTANCE region which is an important support and also psychological support-mark together with the lower
boundary of the broadening-wedges-ascending formation a pullback
In this manner, thank you for watching my update-analysis about WIPRO and its major broadening-wedges-ascending-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Might reach till 620 to 670 by trend analysis I have used the trend analysis of the upward trend and felt like it would reach 620 or it can have a resistance at 560 which might get it into a consolidation stage.
But its highly unlikely as they are releasing their Q3 results tomorrow which is why the stocks are continuously rising.
As, its a software company and because of the pandemic software will keep growing as people have realized the importance of it.
All analysis done by me are just ideas which cannot guarantee you results and these are just ideas.
Please do not completely rely on my analysis and I suggest you to do your own analysis for better results.
Thank you !
WIPRO BEARISH SIGNALHello Trader I Found WIPRO in Bearish Mode as we see there it formed Ascending channel In 1 HRS Time Frame it will come to its Supports Trendline. Please do your own analysis before taking any action if you find my analysis is useful for you please follow me and like me. Thank You