Things to be kept in mind : `````````````````````````````````````` >> Take this trade only if Nifty is red in its pre-market session. >> Take this trade only if Wipro opens equal to or below last day close price. >> Maintain strict stoploss as per risk adequate. >> Trade under professional supervision only.
WIPRO LTD EXPECTED MOVE - TRADING IDEA - WIPRO INDIA
WIPRO Triangle- waiting fo Breakout Bouncing 0ff 100 MA buy the breakout with volume Targets in green
As it showing Wipro is trading on harmonic butterfly pattern. Keep an eye on 394 level if this level does not break and the price crosses over again above 410 level again. We can target 480 level.
Wipro previously gave pennant breakout at daily timeframe but failed to achieve target, now wipro at major support and at 50% retraement.Targets on chart...
The analysis is done purely based on chart patterns and price action. The analysis is done on 15 min TF, but the target as shown in charts can take couple of days upto weeks. As can be seen from NITFY IT chart as well as from charts of stocks linked below, price went for retracement phase, made a low on 21st December 2020 and then gave breakout from trendline....
wipro near crucial levels possibility to fill the the gap is high caution:- it may come down to test the levels again and then make a big move up but target is sure to come within the next few days trade safe keep SLs wisely happy trading
WIPRO moved as shown in previous chart. It may correct to 400 in coming days. Monday January 11 it may cross 450 . Then a correction to 400 and rally begin for target 520+ .However its not end .
Tech Rally Started . Wipro is Leader and will outperform 2021 . Elliott wave 3 or High impulse wave started for target 450 till March 2021 and can cool off near 400 in correction making wave 4 then to start journey towards wave 5 making High of 500 .
UPTREND BULLISH FLAGS + FALSE BREAKOUT
WIPRO Currently Trading -364.20 Target 1-370.70 Target 2-377.55 Target 3-389.30 Reason Macd cross over the signal line towards upward movement. Short term investment Target
WIPRO is not giving any fresh opportunity on daily basis. However, once it kissed 346 can add some quantity.
This analysis is purely based on price action and Chart Patterns. Through this analysis, a special strategy of how to trade DARVAS BOX is explained. For similar case, one can refer the 15 minute chart of HEROMOTOCO from 03-Nov to 11-Nov. Similar Darvas Box breakout worked there. The analysis is on 30min TF hence target can be achieved in intraday trade or in...