WIPRO | Gann Square of 9 – 45° Support Case Study | 28 Mar 2022This idea presents a historical intraday example of how the Gann Square of 9 can be used to identify logical support levels based on price–degree relationships.
On 28 March 2022, WIPRO Ltd initiated a downward move after forming its 0° reference point near ₹609.
📐 Gann Degree Structure
0° level: 609
45° level: 597
Using the Square of 9 calculations, ₹597 emerged as the next geometric downside level.
⏱️ Price–Time Alignment (Gann Guideline)
According to classical Gann intraday observations:
Support reactions often appear when
45° is reached before 2:30 PM, or
90° is reached before 2:45 PM
In this session, price completed the 45° move within the valid time window, and a clear upward reaction followed from the ₹597 zone.
🧠 Key Learning
This case study demonstrates that:
Degree completion helps define objective support
Reversals occur from measured levels, not guesswork
Gann geometry converts price action into structured behavior
📌 Conclusion
The Gann Square of 9 offers a rule-based method to identify intraday support and resistance.
When price respects degree levels within time, reactions often become clearer and more reliable.
Disclaimer:
This chart is shared strictly for educational and analytical purposes only. It does not constitute trading or investment advice.
Wipro
Wipro: A Classic Cup and Handle poised to deliver 20%NSE:WIPRO
On Higher Time Frames (W/M) its quite evident pattern - Cup and Handle.
Using chart structure and pivots, a reasonable trade setup exists.
CMP 267
Entry: 265-267
SL: 257
TGT - 20%
Its a positional trade. This will offer many churning opportunities in between. Trade prudently using SMC and Camarilla Pivots.
Wipro limited Buy 253-255
SL 250
Target 270-285
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Wipro: Breakout & Boom!This is the daily timeframe chart of Wipro.
Wipro has been forming a falling wedge pattern, and the stock has given a breakout near the ₹250 level.
The breakout has also occurred above the long-term support zone of ₹225–₹240, which strengthens the bullish structure.
If this momentum continues, then any dips from the current levels may offer strong risk-reward opportunities and potentially lead to a bigger rally.
In the shorter timeframe, the potential upside target for Wipro stands near the ₹280 level..
Thank you.
AMZN 2Hour Time frameAMZN 2-Hour Snapshot
Current Price: $238.24 USD
Change: +1.02% from the previous close
Intraday High: Not available
Intraday Low: Not available
🔎 Technical Indicators
Relative Strength Index (RSI): Neutral
Moving Averages:
5-period MA: Not available
10-period MA: Not available
20-period MA: Not available
50-period MA: Not available
📈 Market Sentiment
Pivot Points:
Resistance: Not available
Support: Not available
📅 Outlook
Bullish Scenario: A breakout above the current price could lead to further gains.
Bearish Scenario: A drop below the current price may test support levels.
Overall Bias: Neutral, with mixed signals from moving averages and momentum indicators.
COIN 3Hour Time frame📊 COIN 3-Hour Snapshot
Current Price: $318.78
Change: +5.49% from the previous close
Intraday Range: Not specified
Market Cap: Approximately $83.3 billion
P/E Ratio: Not specified
Beta: 2.89
🔎 Key Levels
Resistance:
R1: $318.78 (recent high)
R2: $330.00 (next resistance zone)
Support:
S1: $310.00 (immediate support)
S2: $300.00 (next support level)
📈 Technical Indicators
RSI (14): Not specified
MACD: Not specified
Moving Averages:
5-period SMA: Not specified
50-period SMA: Not specified
200-period SMA: Not specified
📌 Market Sentiment
Catalysts: Positive momentum following recent gains and analyst upgrades.
Sector Performance: Cryptocurrency market showing strength, with Coinbase leading gains among peers.
Options Activity: Significant trading in call options at $318.78 strike price, indicating bullish sentiment.
📅 Outlook
Bullish Scenario: A breakout above $318.78 could lead to a push toward $330.00 and higher.
Bearish Scenario: A drop below $310.00 may test support around $300.00.
Overall Bias: Moderately bullish, with positive momentum but facing near-term resistance.
BTCUSDT 1D Time frame 📊 BTC/USDT Daily Snapshot
Current Price: $112,493
Change: −0.37% from the previous close
Intraday Range: $110,812 – $113,029
Market Cap: Approximately $2.2 trillion
P/E Ratio: Not applicable (Bitcoin is not a stock)
Beta: Not applicable (Bitcoin is not a stock)
🔎 Key Levels
Resistance:
R1: $113,000 (recent high)
R2: $116,000 (next resistance zone)
Support:
S1: $110,800 (immediate support)
S2: $107,000 (next support level)
S3: $102,000 (longer-term support)
📈 Technical Indicators
RSI (14): 43 — Neutral, indicating balanced buying and selling pressure
MACD: Bullish crossover observed, suggesting upward momentum
Moving Averages:
5-day SMA: $111,500 — Buy signal
50-day SMA: $112,830 — Resistance level
200-day SMA: $101,000 — Long-term support
Stochastic Oscillator: Oversold, indicating potential for a bounce
📌 Market Sentiment
Catalysts: Positive momentum following recent gains and analyst upgrades.
Sector Performance: Cryptocurrency market showing strength, with Bitcoin leading gains among peers.
Options Activity: Significant trading in call options at $113,000 strike price, indicating bullish sentiment.
📅 Outlook
Bullish Scenario: A breakout above $113,000 could lead to a push toward $116,000 and higher.
Bearish Scenario: A drop below $110,800 may test support around $107,000.
Overall Bias: Moderately bullish, with positive momentum but facing near-term resistance.
PLTR 1D Time frame📊 Palantir (PLTR) Daily Snapshot
Current Price: $162.36
Change: +4.01% from the previous close
Intraday Range: $156.37 – $162.75
Volume: 59,300,483 shares traded
🔎 Key Levels
Resistance:
R1: $162.75 (recent high)
R2: $165.00 (psychological level)
R3: $170.00 (next resistance zone)
Support:
S1: $156.37 (recent low)
S2: $150.00 (psychological support)
S3: $145.00 (next support zone)
📈 Technical Indicators
RSI (14): 67.41 — Neutral to slightly bullish
MACD: 1.51 — Positive momentum
Moving Averages:
5-day SMA: $157.25 — Buy signal
50-day SMA: $145.00 — Buy signal
200-day SMA: $130.00 — Buy signal
Stochastic Oscillator: 77.32 — Overbought
ADX (14): 44.32 — Strong trend strength
📌 Market Sentiment
Catalysts: Positive momentum following recent gains and analyst upgrades.
Sector Performance: AI and data analytics sectors showing strength, with Palantir leading gains among peers.
📅 Outlook
Bullish Scenario: A breakout above $162.75 could lead to a push toward $170.00.
Bearish Scenario: A drop below $156.37 may test support around $150.00.
Overall Bias: Moderately bullish, with positive momentum but facing near-term resistance.
Review and plan for 18th July 2025Nifty future and banknifty future analysis and intraday plan.
Analysis of quarterly results.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Wipro in recovery mode on monthly chart.Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions.
Wipro Closing price is 249.67. The positive aspects of the company are Attractive Valuation (P.E. = 19.9), Companies with Zero Promoter Pledge, Companies with Low Debt, Annual Profit Growth higher than Sector Profit Growth, Company able to generate Net Cash - Improving Net Cash Flow for last 2 years and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Promoter decreasing their shareholding, Increasing Trend in Non-Core Income and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 251 Historical Resistance in the stock will be 257 and 277. PEAK Historic Resistance in the stock will be 292 and 312. Stop loss in the stock should be maintained at Closing below 227.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
WIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long PositionWIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume & support structure integrity risk}
Risk/Reward ratio ~ 2
Current Market Price (CMP) ~ 254.4
Entry limit ~ 254 on May 16, 2025
1. Target limit ~ 258.5 (+1.77%; +4.5 points)
2. Target limit ~ 263 (+3.54%; +9 points)
Stop order limit ~ 249.5 (-1.77%; -4.5 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
Review and plan for 17th April 2025Nifty future and banknifty future analysis and intraday plan in kannada.
Result stocks, swing ideas.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
SWING IDEA - WIPROWipro , one of India's leading information technology companies, is displaying technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
550 Zone Breakout : The 550 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum.
Cup and Handle Pattern Breakout : The price has broken out of a cup and handle pattern, a bullish continuation pattern that suggests potential for further upward movement.
Bullish Breakthrough Candle on Daily Timeframe : The formation of a bullish breakthrough candle on the daily chart indicates strong buying pressure and further supports the bullish case.
Breakout of 2+ Year Consolidation Zone : The stock has broken out of a long consolidation phase lasting over two years, signaling a potential new bullish trend.
Support on 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Target - 640 // 725
Stoploss - weekly close below 490
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@visionary.growth.insights
WIPRO LONG Trade Hits First Target! Bullish Momentum BuildsWipro has shown a strong bullish movement, reaching Take Profit 1 (TP1) at 550.85 on 14th October at 12:45 PM.
Key Levels
Entry : 540.80 – Wipro started its upward movement from this key support level, leading to a breakout.
Stop-Loss (SL) : 532.65 – This level is positioned below the entry to protect against any potential downside risk.
Take Profit 1 (TP1) : 550.85 – Already achieved, confirming the strength of the uptrend.
Take Profit 2 (TP2) : 567.10 – The next target to watch as bullish momentum continues.
Take Profit 3 (TP3) : 583.35 – If buying pressure persists, this level could be tested next.
Take Profit 4 (TP4) : 593.40 – The ultimate target signaling the potential for a strong bullish rally.
Trend Analysis
The price is clearly above the support of the Risological dotted trendline, indicating a strong uptrend. The sharp upward movement followed by a small consolidation suggests the possibility of further gains.
With TP1 reached, the next targets are in focus, and a move above 550.85 will likely lead to TP2 being hit.
Wipro has reached its first profit target at 550.85, confirming bullish momentum. The next targets at 567.10 and beyond could be reached if the uptrend holds, with solid support from the Risological trendline and strong buying interest.
WIPRO AnalysisWipro the IT giant of Bharat has given us a cup with handle pattern. The buy point in anywhere below 545 and sell point is all time high. The company has posted consistent profits and has maintained its revenue in such difficult time for the industry. It has given a profit of 3000+ crore after 4 quarters and currently the stock is 30% lower from its lifetime high when the profit was 3000+ crore. So there is a clear opportunity in the stock.
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