Finally wipro broke weekly support And now trying to get new levels and swing
Buy wipro. Solid breakout and 200 SMA crossover. Good volume
Observations:: ----->> It is near its resistance. previously a strong fall is observed here, a strong fall happens before day, but price is again showing bullish pressure, price may reach again 408, 413 zone, keep track this for continue or reversal. Keep on buyside for the target of 402,405.
Infosys - ADR - Good breeak out 1:5 RR. Cup and handle formation Quality supply area is created
I see two scenarios for the reversal tred for Wipro. Most likely it will follow the first support. Incase does not respect it I will wait till the second scenario. Below that I dont see positive for this share.
Wipro can be a good buy at this level for upside of around 5% in very short term.
wipro break importent level with 200W Moving Average. In upcoming weeks we will see a fall In wipro stocks (Always Do your own analysis)
Most of the price action views for a stock are reliable and here on the chart of Wipro; formation of Triple Bottom Pattern clearly depicting a new signal and will provide a good opportunity after its reversal from price of 377. Whereas new orders will arise at 400 witha target of 60points and the booton of the pattern will be a stoploss for the trade. Thank...
NEGATIVE SIDE : 1. Nifty IT broke the major support level at 34450pts during the last trading session. 2. The two major rejection candle at the level 36750pts in the recent time is so crucial. This is because of the two major correction happened in the past one in 2000 and the other during the corona situation. Both the corrections have the 4.236 fibonacci level...
Wipro Long time investment Opportunity. Retesting the multiyear breakout level and also forming rounding bottom pattern. Looks good opportunity for long term investment.
Wipeout stock made W pattern in weekly chart. By the way, this stock is fundamentally strong in my view so, didn't sold even I have a bought near 550 rupees. After consolidation again wipro is ready to move up with good pattern.
#The Pattern is a simple Support and Resistance Points to Look: 1.The Channel Pattern is slanted downwards, this pattern has a high success rate! 2.Inside the pattern the recent trend is Bullish(Higher Lowes formation) 3.There is 'W' shape pull visible(23 Dec to Jan 6 touch points) in the trend which is also a good bullish sign. 4.Despite all this wait for a...
Wipro in 4 Hour Timeframe formed Twizzer top pattern & bearish engulfing. If next candle formed bearish then pattern will be confirmed i.e bearish engulfing and you can set 1:1 target.
NSE:WIPRO Good Earnings ! All Indicators look Positive , Much Needed BO ! One can Go Long ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared...
Wipro has given a breakout of a small pattern from cmp we can aim for small target or even higher levels too.
The chart shows 15 years track record of the Nifty-IT sector. Out-performers : 1. Coforge 2. HCLTech 3. TCS 4. Infy Under-performers : 1. TechM 2. Mphasis 3. LTIM 4. Wipro 5. LTTS When the IT sector starts to turn and takes charge in the sector rotation, I would be rooting for the historical out-performers which create value.