WIPRO LOOKS GOOD FOR SWINGWIPRO looks good for swing, its sitting at a support trendline there it has made a bullish candle too. we can take a trade from cmp and we can aim till supply zone area as a target.
leave a comment for this setup.
I daily post breakout stocks analysis follow me for more.
Thank you.
WIPRO trade ideas
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.
Wipro (Investment Ideas):Wipro (Investment Ideas):
A fine base has been built on the lower side.
Time to invest in this large cap from investment perspective.
One can expect a minimum 75% gains via swing.
Go long while script rovers around 400-430.
Appropriate resistances/targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Feel free to raise your queries.
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.
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?
WIPRONSE:WIPRO
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Swing Buy Opportunity in WiproEntry: 416
Target: 408
SL: 424
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
TO CONNECT WITH ME CHECK OUT MY BIO.
If you like this Idea, Please do like my ideas and share it with your friends. check my bio.
Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis.
Thank you