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WIPRO LTD.

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WIPRO trade ideas

WIPRO S/R for 26/12/23Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:WIPRO
by zenthosh
Techno-Funda Chart of the week. WiproThis chart came to my attention when it gave breakout of the downward channel at 400. Last week, however, it has given a inverted head and shoulders breakout on its weekly chart with very good volumes. Wipro is India's one of best large cap IT and consumer products company with extremally good tract record of financials as well as management. Investors should have these fundamentally strong stocks in their portfolio. Considering its all time high of 718, this stock is getting at 55% discount and Investor's should not miss this wealth creating opportunity. A new entrant should either keep no stoploss or very deep stoploss for this trade as there are clear indications on the chart of trend reversal. CMP - 462 (24/12/23) T - 600
NSE:WIPROLong
by AbNamjoshi
$WIT Poised for Continual GrowthAn approximate horizontal trend channel in the medium long term is broken up. Continued strong development is indicated, and the stock now meets support on possible reactions down towards the trend lines. The price has also broken the resistance at 5.34 of a rectangle pattern, which signals a further rise. The stock has broken up through resistance at dollar 5.30. This predicts a further rise. NYSE:WIT stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise.
NYSE:WITLong
by DEXWireNews
WIPRO BREAKOUTHi all, After two years of down fall and one year of consolidation, now wipro gave very good breakout with good volume, I’ll consider wipro for long term and my first target is above 600 level. Having patience to hold till the price hit 720. Recent US interest cut news also in favour for Indian IT sector and wipro is one the favourite pick of mine.Expecting a 2x return in less than a year. Iam not a SEBI registered advisor, do your own analysis, iam just sharing my ideas only for educational purpose.
NSE:WIPROLong
by Ragulgandhi
Wipro - Study and analysis Good morning, Today we are discussing about wipro india. This IT stock was in downtrend for a long time however it shows some good sign breaking it's weekly resistance multiple times it is now near at it important resistance which may play important role here. On the day time frame it has already breakout the resistance zone however on weekly chart it needs to be confirm.. if wipro manage to provide us any more green candle above this weekly zone then we may see potential Reach of 500+ however if breakout fail from here Buy Zone 2 is the best zone to enter.. Let's study this stock and keep an eye on it This idea is only for study purpose investors are restricted to take any investment decision based on this study material idea..
NSE:WIPROLong
by AqibMalikk
Wipro Trend based Fibo Extensions The chart show support between 375 - 352 with targets projected by the Trend based Fibo Extensions. We have 2 Fibo extensions here. 1. Starts from 159.80 to 739.85 and than placed at 352 for projections. 2. Starts from 352 to 443.75 and than placed at 375.05 for projections. The Fibo projections are clearly visible on the charts. With support at 352 the Fibo projections help us to estimate the probable important target levels that can be traded in coming year.
NSE:WIPROLong
by satyajbims