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Wipro

Major Correction for Nifty ITNEGATIVE 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 at around 36000pts. Which will play the major supply zone for the coming days for IT. 3. The Fibonacci level drawn in this chart shows the pullback happens exactly at 0.618 level, which is again a negative side. 4. The moving average 20 & 50 is getting closer. POSITIVE SIDE: 1. Currently, Nifty IT is at a major support level. Lets hope that it will bounce back from the level.
NSE:CNXITShort
by VigneshRaja-UthayaKumar
Wipro Bullish in 1 DTF!#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 confirmation candle tomorrow and then take the position. 5.The Stoploss is minimal which can be kept below the upper trend line also shown in chart. $Happy Trading Mates$
NSE:WIPROLong
by AxionAjay
1
#CARBORUNIV #ORIENTABRA #WENDT #GRINDWELL #HEG #WHIRLPOOL #TWL #CARBORUNIV NSE:CARBORUNIV CMP: 885 TP: 1050 SL: 828 TF: <6m RR > 2.8 times Return 18% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:CARBORUNIVLong
by Rachit_Sethia
#MtarTech #MINDTREE #LTI #LTTS #INFY #TCS #CNXIT #WIPRO #COFORGE#MTARTECH NSE: MTARTECH CMP: 1737.80 TARGET: 2200 SL: 1550 RR: >2.5 times Return > 26% Timeframe: <6M CAN BREAK ALL-TIME HIGH IN FUTURE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:MTARTECHLong
by Rachit_Sethia
2