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Wiproshort

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
Wipro Ltd swing trade Positional View short term & medium term 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 between 466 to 480 for Daily Time frame stop loss @ below 465 on daily time 1st Target @ 526 on daily time frame Best Accumulation zone between 441 to 466 for Daily Time frame stop loss @ 440 on weekly time frame 1st Target @ 546 on Weekly time frame 2nd Target @ 576 on daily time frame Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:WIPROLong
by sbkurandwad77
WIPRO LTD Trend Analysis4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies. Company is having sound fundamentals. Technically it is highly bearish. In short term, a pullback towards 500 odd levels is more likely for a possible bull trap. 530 level will act as strong resistance zone (highlighted in red). Expecting IT index to correct further 30% towards 21000 odd levels which will drag this towards the support level around 330-365 level. Accumulate around 330-365 level as it lies in confluence with trendline support and golden FIB zone. Will update the possible targets later. Do your own due diligence before taking any action. Peace!!
NSE:WIPROShort
by Swastik24
One Swing trading Equity Option -WIPRO WIPRO Sell below 579 SL 616 on weekly closing basis Target:- 554, 527, 450 So, we have to initiate a bull put spread - April Expiry 580 Put buy along with 550 Put sell If 550 is not achieved in the April expiry then one can again take this trade for next month's expiry provided the trade should be in profit. (For example:-u can initiate 560 Put buy along with 530 put sell if Wipro would trade at 560. u can initiate 540 Put buy along with 510 put sell if Wipro would trade at 540.) Disclaimer: -Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ Trade at your own risk.
NSE:WIPROShort
by biplab86
5
WIPRO broadening-wedges-ascendingHello Welcome to this analysis about WIPRO , we are looking at daily timeframe perspectives. WIPRO is developing here that will be a decisive factor in the upcoming times. I discovered the main formation WIPRO is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how WIPRO has emerged with this key broadening-wedges-ascending formation marked in my chart with the black boundaries. WIPRO is near RESISTANCE region which is an important support and also psychological support-mark together with the lower boundary of the broadening-wedges-ascending formation a pullback In this manner, thank you for watching my update-analysis about WIPRO and its major broadening-wedges-ascending-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:WIPROShort
by shanechart
4