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WIPRO LTD.

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WIPRO trade ideas

Navigating Wipro: A Strategic Analysis for Informed Trading Wipro is currently positioned near the 75-minute demand zone, serving as the lower time frame (LTF) for execution. Let's break down the analysis across different time frames for a comprehensive overview: Current Market Dynamics 📊: LTF (75 min): Trading close to the 75-minute demand zone, considered for execution. ITF (Daily): On the daily time frame, the trend is in an uptrend, with the price residing in the daily demand zone. Notably, the stock is approaching the EMA 20 on the daily time frame, indicating potential support. HTF (Weekly): Zooming out to the weekly chart, Wipro is positioned in a fair price area. Trade Plan on 75-Minute Time Frame ⏱️: Target and Stop-Loss: The upper box on the 75-minute chart provides details on entry, exit, target, and risk-to-reward ratio. 🚨 Risk Management Reminder: Ensure your risk-to-reward ratio aligns with your trading strategy and risk tolerance. 📝 Note: This analysis is for educational purposes only and not financial advice. Trade responsibly. Trade Smart, Trade Confidently! 💹✨
NSE:WIPROLong
by AfnanTAjuddin
Wipro can Rise, investing in Wipro is an idea wise.Wipro Ltd. CMP – 400.20 Market Capitalization Rs 2,08,995.4Cr Red Flags: Declining annual net profit Green Flags: No debt Zero promoter pledge FIIs are increasing stake MFs are increasing stake Improving cash from operations annual Promoter holding increasing Previous Happy Candles Number – 71/100 New Happy Candles Number – 56/100 Fresh Entry/ averaging / compounding after closing above 404.5 Targets: 416 and 424 Long term target: 436 and 444 Stop loss: Closing below 375 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
NSE:WIPROLong
by Happy_Candles_Investment
Short Trade Idea: Wipro (WIT)The share price of Wipro (WIT) has declined by around 6.88% in the past month. This short trade idea focuses on selling the asset, based on the following strategy: 12-day exponential moving average (EMA) below 26-day EMA: This strategy seeks out assets where the 12-day EMA is below the 26-day EMA. This indicates a potential bearish trend and suggests that the price may continue to decline in the near term. Significant support levels: The asset should also have significant support levels that can serve as profit targets. These support levels act as price levels where buying interest is expected to outweigh selling pressure, potentially causing the price to bounce back. By selling the asset, traders can aim to profit from the expected downward movement in the share price. However, it's important to note that this strategy carries a somewhat high risk tolerance and is suitable for a short investment horizon. Please note that this trade idea is based on the provided facts and does not take into account any additional information or analysis. Traders should conduct their own research and analysis before making any investment decisions. Technical Outlook Technical Analysis: Wipro Approaching Key Support at $4.5 Wipro's stock (WIT) is currently approaching a key support level, just 10 cents away from 4.5. The stock's price action is crucial at this level, as dropping below it could indicate further losses ahead. On the other hand, a failure to break below 4.5 could be viewed positively by market bulls, potentially leading to a retracement. Yesterday, Wipro's stock formed a "Bearish Harami" chart pattern, signaling impending bearish sentiment. This, combined with the ongoing downtrend, suggests that the stock's downward movement is likely to continue. In the past 5 days, Wipro has appreciated by 1.32%. The stock is currently trading with a market cap of $23.99 billion. Yesterday, there were 960,788 shares traded, which is below the average of 1.73 million shares. Wipro's immediate support level is around 4.57, while its resistance level is at 4.62. These levels will be important to watch as the stock's price action unfolds. In comparison to other themed assets, Texas Instruments closed yesterday with a 1.82% drop, Apple saw a rise to 179.23 from 176.65, and Microsoft was up 1.06%. Overall, Wipro's stock is at a critical juncture, and its ability to hold above or break below the $4.5 support level will be key in determining its future direction.
NYSE:WITShort
by NomolosAI
Goldencross Strategy PT-7:A value play in IT *Goldencross strategy is one of the efficient strategy in long-term investing* Follow the FIVE rules below.👇 1) Book 50% of profit at TP-1. 2)Book whole profit at TP-2 or wait for deathcross and Book whole profit when happened. 3) Stoploss is when deathcross happened,be patient in volatile situations. 4) Wait as long as it hits TP as it is sluggish but strong bullish strategy. 5)Keep your capital allocation based on your RISK. **CHART IS SELF EXPLANATORY* Disclaimer: This is not a financial advice based on your POV.Everyone has distinct financial objectives and time horizon.
NSE:WIPROLong
by SravanMac
WIPRO--@Resistance??The stock is currently hovering close to its resistance zone, while a distinct demand zone is evident around the 400-level mark. Furthermore, there is confirmation from the trendline. For a prudent trading approach, it is advisable to refrain from entering a short position until two conditions are met: first, a clear breach of the Demand zone, and second, a confirmation of the trendline breach. Until these two criteria are satisfied, it's more favorable to maintain a bullish stance and continue with buy-side strategies.
NSE:WIPRO
by IIT-Trader
5
WIPRO: PICK OF THE YEARWipro Looks Great with Technical Analysis! There are a lot of hidden reasons for selecting Wipro as the Pick of the Year. Let me show you: First, Wipro and Nifty Ratio Chart This is a hidden Information, and see how chart is taking support Secondly, Wipro and NiftyIT Ratio Chart Again a hidden information and See how Wipro is taking support in this also Both of Above information suggesting a good support after a long time in Wipro And this support can give you the best investment price. Third, watch how Wipro is taking support on Monthly chart It was a resistance trendline where Wipro gave a breakout few years back and now it is retesting those levels, and is consolidating. This can be a good Demand Zone and we can expect a price reversal Also, if you notice the previous Wipro High, It is giving Wipro a Horizontal Support. And the best part is, the level is 0.618 Fibonacci Zone, that too in a Monthly Chart. Fourth, Fundamentals are still great with Profits increasing every year. FIIs and DIIs have increased there stakes in the company last quarter, so this information can be a highlight for us to invest in WIPRO. With all these analysis, I think Wipro can be a very good reversal stock for next few months, and we can see a good up move in Wipro. This all reasons make me pick WIPRO as the PICK OF THE YEAR. What do you think about this idea?
NSE:WIPROLong
by NikunjBangad
7