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Wiproanalysis

Navigating Wipro: A Strategic Analysis for Informed Trading 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 trend is in an uptrend, with the price residing in the daily demand zone. Notably, the stock is approaching the EMA 20 on the daily time frame, indicating potential support. HTF (Weekly): Zooming out to the weekly chart, Wipro is positioned in a fair price area. Trade Plan on 75-Minute Time Frame ⏱️: Target and Stop-Loss: The upper box on the 75-minute chart provides details on entry, exit, target, and risk-to-reward ratio. 🚨 Risk Management Reminder: Ensure your risk-to-reward ratio aligns with your trading strategy and risk tolerance. 📝 Note: This analysis is for educational purposes only and not financial advice. Trade responsibly. Trade Smart, Trade Confidently! 💹✨
NSE:WIPROLong
by AfnanTAjuddin
WIPRO--@Resistance??The stock is currently hovering close to its resistance zone, while a distinct demand zone is evident around the 400-level mark. Furthermore, there is confirmation from the trendline. For a prudent trading approach, it is advisable to refrain from entering a short position until two conditions are met: first, a clear breach of the Demand zone, and second, a confirmation of the trendline breach. Until these two criteria are satisfied, it's more favorable to maintain a bullish stance and continue with buy-side strategies.
NSE:WIPRO
by IIT-Trader
5
Swing Buy Opportunity in WiproEntry: 416 Target: 408 SL: 424 NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:WIPROLong
by rkinspiro1
2
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
Wipro formed Spinning Candle at weekly supportWipro has been respecting the 400- 385 zone for the past many weeks. And this week, it formed a spinning pattern at the same support zone. Now the chances are high that above 400 levels, it could test 420-430 levels in no time. On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels initially. 400 level may act as temporary resistance and any breakout above this level, the stock would most likely be moving towards 420-430 levels.
NSE:WIPROLong
by manuagarwal21