Wipro AT Best Support Zone These are two daily timeframe charts of Wipro .
In the first chart : Wipro is trading within an ascending parallel channel, with the lower boundary positioned around the ₹251–₹254 zone.
Wipro has previously respected the Fibonacci golden zone, and the stock is once again approaching this key retracement area. A potential bounce from this zone is likely if the level is respected again around 254 near .
If this level is sustain , then we may see higher Prices in Wipro.
Thank You !!
WIPRO trade ideas
Wipro at Resistance, Long, 1DWipro has shown huge volume traded today however it has not broken a resistance which is at 272. If it breaks 272 with Bullish candlestick patterns like Bullish Engulfing, Hammer & Inverted Hammer, Piercing Line, Morning Star, Three White Soldiers, Tweezer Bottoms or Bullish Harami, then enter at 272 with small targets of 280 and 290.
Entry: 272 (only at Bullish candlestick pattern)
Target1: 280
Target2: 290
WIPRO CAN STILL FACE SOME PRESSUREWIPRO LTD.
Wave Structure:
The chart depicts a well-defined Elliott Wave pattern, illustrating a completed five-wave impulse sequence succeeded by a classic ABC corrective phase.
Wave B retracement appears to be underway, with resistance anticipated around the ₹275–₹285 zone.
Support & Resistance:
Key resistance levels are established at ₹275–₹285, which historically coincided with selling pressure and reversal zones.
Major support zones are highlighted between ₹210–₹225, a region with repeated buying interest and robust price recovery in the past.
Technical Outlook:
The current price structure suggests continued corrective bias, with a probable move towards the lower support band (₹210–₹225), barring any decisive reversal above the key resistance.
Unless momentum breaks out above ₹285 with conviction, the base scenario remains cautious to bearish.
My analysis is anchored in classical price action and Elliott Wave theory to identify potential market inflection points.
Sentiment:
The prevailing market sentiment remains neutral to negative as the price fails to breach significant resistance and is trading below the Wave B peak.
A shift in momentum can only be confirmed if there is sustained price action above resistance with increased volume.
Disclaimer:
This analysis is strictly for educational and informational purposes, not intended as trading or investment advice.
WIPRO at Best Support !!This is the 4 hour chart of Wipro ltd.
WIPRO has a strong support zone in the 245–248 range.
WIPRO is forming a symmetrical triangle pattern, with a potential target of 268, which also aligns with the channel's resistance zone at 268-270."
If this level is sustain , we may see higher prices in Wipro !!
Thank You
Wipro in recovery mode on monthly chart.Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions.
Wipro Closing price is 249.67. The positive aspects of the company are Attractive Valuation (P.E. = 19.9), Companies with Zero Promoter Pledge, Companies with Low Debt, Annual Profit Growth higher than Sector Profit Growth, Company able to generate Net Cash - Improving Net Cash Flow for last 2 years and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Promoter decreasing their shareholding, Increasing Trend in Non-Core Income and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 251 Historical Resistance in the stock will be 257 and 277. PEAK Historic Resistance in the stock will be 292 and 312. Stop loss in the stock should be maintained at Closing below 227.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
WIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long PositionWIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume & support structure integrity risk}
Risk/Reward ratio ~ 2
Current Market Price (CMP) ~ 254.4
Entry limit ~ 254 on May 16, 2025
1. Target limit ~ 258.5 (+1.77%; +4.5 points)
2. Target limit ~ 263 (+3.54%; +9 points)
Stop order limit ~ 249.5 (-1.77%; -4.5 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
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(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
Wipro Ltd view for Intraday 15th May #WIPRO Wipro Ltd view for Intraday 15th May #WIPRO
Resistance 255 Watching above 255 for upside momentum.
Support area 250 Below 250 ignoring upside momentum for intraday
Watching below 249 for downside movement...
Above 255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Wipro Trend direction..Good for long term investmentWipro 242 has given a symmetrical triangle pattern which is indecisive . Resistance at 249 ad support at 238. it may move any ways. Volume suggests bulls over bears.
Fundamentally it is trading at 10 Years of P/E which is good for long term investment. Additionally FII's have the highest stake in this quarter of last 12 quarters.
IT Stock Wipro Ltd. trading near good SupportSince 2001, Wipro Ltd has been moving within a three-part divided parallel channel. The monthly chart highlights a major polarity zone, suggesting that the stock is currently near a significant support level. On the daily timeframe, Wipro is also forming a rising wedge pattern, with the price hovering around another strong support zone.
we are waiitng for long on wipro at 200 level we can go long if we got entry @200 level in wipro
with stoploss of 170 level
buy side entry only @200 level
stoploss 170
1st target - 320
2nd target - 500+
note: do not entry on cmp because our stoploss will be bigger here and target will be small so we must have to wait for best entry on 200 level
WIPRO can be buy with a tight stop-loss. Ignore the news and focus on the chart. If the stop-loss hits, no worries, we just have to follow the plan and try again.
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.