The chart provided is of Wipro Limited (WIPRO) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary: 1. Trend Analysis: - The stock experienced a strong uptrend from mid-2020 to late 2021, reaching a peak around 740. - Since then, it has been in a downtrend with intermittent periods of...
WIPRO multi time frames charts updated Weekly Chart Daily Chart 4 Hourly 60 Min In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only. Overview: After a significant decline...
📌WIPRO completed the bearish hormonic pattern and now its breaks the previous resistance after long duration,so will expect good moves in coming days also maintain the Stop loss at 348 at weekly candle closing basis (DYOR)
IT stock are under proforma till yesterday now trend change they are leading market now time to participate in IT counters No recommendation for buy and sell
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...
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...
Wipro made w pattern at the bottom of the chart which made it very bullish for future. Buy it at above 380 (candle close above third level) Target 386.95 394.50 400 408.20 Sl 367
#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...
NSE:WIPRO has retraced 60% from its top. As per analysis, this is the best time to make entry for long position. My entry point is 380. Will wait for target of 449 & 515 Stop loss will be only 30 points (350) Note: This is my personal analysis, only for learning. Thanks.
WPRO has given a bas returns this year, its quartly results also gave a negative affect on its stock prices. but this are all short term, things. this stock has pastly given great returns(look at the past trend i have drawn, the returns are approx.. 45% in a year). long term things are the moving averages, stock is in tis 50 moving average, as shown in its...
Wipro 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...
#Wipro ltd is now at the support levels. Now it may consolidated for some time, then make up side move for 449, 456 and 496. First support level is 399.70 & Second support level is 381.10. Note: This is my personal analysis, only for learning.
Wipro reversing from a very important fib level on monthly TF. One can go long in this for upcoming months, it is going to give great returns in the coming months. SL :- 380 Target :- 700+ Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any...
Wipro Ltd swing trading Positional View short term( Daily Time Frame) and Medium long term( Weekly Time Frame Wipro Ltd is Currently in down trend and this idea is Pull back trade on daily & weekly time frame. This is a Risky trade with lower stop loss and with min 1:3 RR. Trade can be taken with strict stop loss at traders risk. Best Accumulation zone...
As per the 2H Chart of WIPRO, we're expecting a Bullish Momentum in the Stock, where from its Current Market Price of 638.40, the stock is being expected to initially face a resistance at the levels of 645.05, 652.25, and at around 658.75. In addition to this, the stock may face a support at the level of 633.55, on a closing basis. Disclaimer: No financial...
Wipro is retesting the support zone for quite a long time. CMP is 658, Buying will be feasible above 662. Wait for a confirmation candle i,e if tomorrow ends up in green take entry by day after tomorrow. Target is 770 by the end of the year 2021.
Wipro made Bullish H&S pattern. Derivative Data suggests short covering in 670 ce. Buy @ CMP with sloss of 665 & Tgt of 695
The stock is Close Within 52 Week High Zone. Near term, the target is 545. There is Buying opportunity at levels 440 to 460.