WIPRO trade ideas
WIPRO - Wipro LtdLevels -
Buy - 432+
Target - 470
SL - 418
The stock has tended to show a strong up move in the month where earnings are reported. The trend has been consistent over the past year and by looking at the current outset of WFH and COVID-19 second wave, it is most likely to continue. The quarterly and annual results will be announced on April 15, 2021, which might make the stock revisit the levels of 470. In addition to that, post Q3 results the stock has formed a flag pattern on both weekly and daily charts, therefore a breakout cannot be ruled out while an event is planned for the coming week. Once the level of 430 is breached on the upside, which is acting as a resistance, the stock can go up to the levels of 470, an up move of close to 10%.
IT shares in the given circumstances of WFH due to COVID-19 is a safe bet as there has been a significant increase in operating profit of the companies which will continue in coming quarters if the situation stays like this. This can be observed by looking at their quarterly results.
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
Wipro look longWipro look like it respect its support zone and bullish gartley.
As it result season in April a pre rally can be expected.
If market more bearish chances are high to go down so trade carefully.
Disclaimer: study purpose
Wipro - Flag BreakoutWipro has given a perfect flag breakout, expected t move up to 450 and 460 levels.
Buy wipro for big profitBuy wipro its following this patter from last 3 times, It'll give u big profit...
WIPRO BREAK THE FALLING WEDGE PATTERN WAIT FOR HH TO ENTERWIBRO HAS BEEN IN CHANNEL FOR ALMOST 89 DAYS AND TODAY HAS GIVEN BREAKOUT
FROM ITS WEDGE LETS SEE IF IT MAKES HIGHER HIGH FORMATION OR ITS A FALSE BREAK
AS NOWADAYS IT STOCKS ARE OUTPERFORMING AND TRENDING SO WE CAN GRAB SOME BUY OPPORTUNITY IN WIPRO
Wipro - Trend Reversal- Moving between a channel
- Hammer at the bottom reversal pattern (Bullish)
- if crossed Resistance -1 then accumulate more
- If Stop loss hit at 408 then get out of the trade
- Target - 500
- Good for swing Trade
Wipro Intraday Analysis and Prediction for 08.03.2021Things to be kept in mind :
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>> Take this trade only if Nifty is red in its pre-market session.
>> Take this trade only if Wipro opens equal to or below last day close price.
>> Maintain strict stoploss as per risk adequate.
>> Trade under professional supervision only.
