WIPRO trade ideas
WIPROWipro Technically Looking Weak
Closed Below 400 Today, Bearish Cross Over Of Ema 10 , 21 , 63 , 100 , 200
Observed Head And Shoulder Pattern In Daily Chart
Expected To Reach The Mentioned Down Ward Targets In Coming Days - For Decisive Up Move It Has To Close Above 63 Day Ema On Dcb
It Company - With Good Valuation After Hcl Tech
Long-Term Growth Is Intact
WIPRO ANALYSIS!!, 50 MOVING AVERAGE!!WPRO has given a bas returns this year, its quartly results also gave a negative affect on its stock prices. but this are all short term, things.
this stock has pastly given great returns(look at the past trend i have drawn, the returns are approx.. 45% in a year).
long term things are the moving averages, stock is in tis 50 moving average, as shown in its chart. good stock to buy now.
Wipro formed Spinning Candle at weekly supportWipro has been respecting the 400- 385 zone for the past many weeks.
And this week, it formed a spinning pattern at the same support zone.
Now the chances are high that above 400 levels, it could test 420-430 levels in no time.
On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels initially.
400 level may act as temporary resistance and any breakout above this level, the stock would most likely be moving towards 420-430 levels.