- 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...
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...
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:
We have a Range breakout in #Wipro after making a successful base around 350-380 levels, stock has managed to break the range upwards.Imp Levels marked in Black. Wipro can go towards new highs, Buy on dips until 370-377 Levels held! R1- 490 R2- 540 R3- 615 S1- 444 S2- 377 S3- 355.
Hi all, After two years of down fall and one year of consolidation, now wipro gave very good breakout with good volume, I’ll consider wipro for long term and my first target is above 600 level. Having patience to hold till the price hit 720. Recent US interest cut news also in favour for Indian IT sector and wipro is one the favourite pick of mine.Expecting a 2x...
IT stock are under proforma till yesterday now trend change they are leading market now time to participate in IT counters No recommendation for buy and sell
Wipro gave a breakout from the inverse head & shoulder pattern at 445 with a volume consolidation. Breakout is invalid below 420
#WIPRO Wipro Ltd is breaking out of 567 days consolidation and this looks amazing too. Once weekly breakout is confirmed, this can move up nicely. Targets are dotted lines as plotted on charts.
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...
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 /...