WIT trade ideas
Wipro in bullish modeWipro touch 23% retracement and bounce back up and travel near all time high if it break all time high we expect up side rally
WiproWipro made an inverted head & shoulder on hourly charts.
Wipro can b bought with sloss below right shoulder & tgt 705.
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wipro posotionalwipro has bounced from again same support level with bullish indication in ma.
if upper level is broke then we can see for the 740 target.
WIPRO BEARISH ABCDwipro bearish abcd harmonic pattern levels has been drawn
still its not valid until price crosses above 740 level.
EXPECTATION OF A BULLISH MOMENTUM IN WIPROAs per the 2H Chart of WIPRO, we're expecting a Bullish Momentum in the Stock, where from its Current Market Price of 638.40, the stock is being expected to initially face a resistance at the levels of 645.05, 652.25, and at around 658.75. In addition to this, the stock may face a support at the level of 633.55, on a closing basis.
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WIPRO - mean reversion WIPRO - mean reversion from previous breakout point.
WIPRO boke out from 620 levels last time & made a high of 740.
It is now on the same retest zone.
One can enter with a sl of today's low.
Wipro Short PositionWipro would be having a short position. It has already peak a couple of times and now sector rotation is in progress.
Kindly visit - www.tradesignals.io for more info.
Wait for break out on WIPROThe stock is ready for giving its break out pick the right time to enter.
WIPRO - mean reversion WIPRO - mean reversion
Taking good support of 50 ema & demand zone. Might go till the red box.
Might Gain price up to 750Bullish market enhanced all stock prices that will Subsides and Shows some profitable gain
WIPRO - WATCHOUTWipro was in downtrend moving towards the previous demand zone. Demand zone gave a good support and now price is moving towards the break of structure (Downtrend -> Uptrend).
If price manages to close above 667, look for a retracement and enter the market.
Since the results are good, we can expect a good move in Wipro now.
Wipro - Entry Points & TargetsWipro - Entry Points?
RSI - 49.89
Below 50 Day Moving Average
When to Enter?
Risk Takers - Can enter @ CMP 660
Safe Traders - Can enter once it goes above the 50 Day Moving Average & enter @ 679 levels
Targets for Risk Takers :)
Target 770 Wipro is retesting the support zone for quite a long time. CMP is 658, Buying will be feasible above 662. Wait for a confirmation candle i,e if tomorrow ends up in green take entry by day after tomorrow. Target is 770 by the end of the year 2021.
for long swing traders its your timefor long swing traders its your time to make profit, NOTE : For Swing trading who can hold
Wipro ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
