WIPRO multi time frames charts updated Weekly Chart Daily Chart 4 Hourly 60 Min In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only. Overview: After a significant decline...
On daily charts looks good round bottom breakout. We can see 520-530 levels soon.
Wipro Ltd (NSE: WIPRO) showcases a strong breakout above its recent resistance level, indicating the potential for continued upward momentum. This move is backed by solid trading volume, reinforcing the bullish trend as the stock remains above all major moving averages. Traders should watch for continued support at this breakout level with an eye on targeting the...
Wipro Ltd. ADR has announced a strategic partnership with the IT giant Zscaler, enhancing the reach of its newly launched Wipro Cyber X-Ray platform. This collaboration is expected to bolster Wipro's position in the cybersecurity market, targeting a broader customer base with advanced AI-powered solutions. The Wipro Cyber X-Ray platform employs artificial...
Overview: - Entry Point: Current Market Price (CMP) 475 - Target: Around All-Time High (ATH) 740 - Risk-Reward Ratio: With a downside risk of just 10% and aiming for a 50% upside, this trade offers an impressive 1:5 RR ratio. Aiming for a significant upside with well-managed risk. Let's see if we can capture this opportunity right! Stay tuned for updates and...
The chart provided is of Wipro Limited (WIPRO) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary: 1. Trend Analysis: - The stock experienced a strong uptrend from mid-2020 to late 2021, reaching a peak around 740. - Since then, it has been in a downtrend with intermittent periods of...
- Here is an update to the Nifty IT analysis we posted back in 2022. - The price action is pretty sluggish. Literally "Trading in the Zone" ( Get it? If not you need to read that book " Trading in the Zone by Douglas" It will teach you the psychology aspect of trading) - We will keep updating the price action as it unfolds. - In the meantime, look at how NDX has...
- The chart is pretty self-explanatory but here is the gist: - 10 months of pure sideways consolidation (I get it. Wipro tested Investor's patience, the most) - Breaks the support only to reverse back into the range, trapping sellers - On the verge of breaking its range for the cage-free price momentum - Also, the Indian IT sector is approaching its critical...
Adani Ports gave a good breakout from the horizontal trendline. The re test candle has close above the TL which is another good indication. With Adani replacing Wipro in Sensex, it should make a good up side move. Entry at current price
Wipro Chart is Bullish after 20% correction Wipro is on Law of Polarity working from 2021 Stock has achieved the targets of LOP which was coming around 550 And stock has corrected exactly from there !! Now stock is around Law of Polarity and also Wipro is making Falling Broadning pattern in an uptrend which indicating Bullishness. Stock is still around the...
The trend was broken on 2nd March. I'm bearish on the IT Consultancy Industry going forward. Note: This is a custom index formed by equally weighing Large Cap IT consultancy stocks. Relative Momentum (w.r.t. Nifty) indicator has been applied on the same. Stocks considered for the index: TCS INFY HCLTECH WIPRO LTIM TECHM TATAELXSI LTTS PERSISTENT MPHASIS
I think Wipro has tuched its current downswing low and is at the right place for fresh buying for next 1 month or so. I expect around 10% return.
Wipro Bulls Target: 540 Buy 26 March Entry Time Educational purpose
Wipro Given earlier few months back at 400 odds.. Now may be doing last move of this wave.. Can buy near 513 (can also show 507 as low ) & keep stop loss at 500 odds.. it can achieve 560-580 range in the nest 10-15 days. Risk reward seems great..
> Decent volume > Multi-year breakout > IT flavour of the market > Decent price action >>> About the company<<< > Wipro is one of the leading global IT, consulting and business process services company. > It is the fourth largest Indian player in the global IT services industry, in terms of revenue, after Tata Consultancy ...
If Wipro breaks 465 and sustains then 527 will be the target. We can accumulate it till 440 and with a stop loss of 425 and a target of 527 is it a good fit and is it correct what I've done. Or wait for it to retest 465 and then only enter. Thanks for feedback in advance. Mukund
NSE:WIPRO has taken strong bounce from golden zone in monthly timeframe. We can see long term move above 443 & can buy more till 417 with SL 401 Major targets levels are highlighted in blue lines. Monthly Timeframe View: