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WIPRO LTD.

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WIPRO trade ideas

WIT - WITty or WITless?WIT recently popped up on my scanner, and I initially ignored it after not recognizing the company. After taking some time to look into each name on my scanner, I will be taking a look at every ticker that pops up. Some stats: GF Score - 96 GF Value - 6.36 Modestly Undervalued (potential room to fall) Profitability Rank 10/10 Financial Strength 8/10 Growth Rank 10/10 It's about to fall under the Peter Lynch Earnings line as well. With a stock price of $5.21, WIT could prove to be an outstanding low-cost stock to run theta strategies on. I'll be looking to purchase lots of 100 shares so that we can run covered calls on the position. ER just came out, and while they missed top and bottom, the market didn't seem to mind too much. I'm a bit concerned that we could have more to fall looking at the weekly, but we can offset that risk with the covered calls. Current PF stats so far SPY .16% CRM 17% All-time Performance 1.96% Spy Performance Since Date of Inception -3.79% We are currently running ahead of SPY, which is excellent to see. It looks like we could have gone a little heavier on CRM to boost our stats. Ultimately though, we want to outperform a buy and hold SPY approach, so we are meeting that goal. With the next deposit in August, we will have enough for a margin account if we so desire, but we can run simple theta strategies without that risk.
NYSE:WITLong
by buddingmimir
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.
NSE:WIPROLong
by sbkurandwad77