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 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...
Observations::
----->> It is near its resistance.
previously a strong fall is observed here, a strong fall happens before day,
but price is again showing bullish pressure, price may reach again 408, 413 zone,
keep track this for continue or reversal.
Keep on buyside for the target of 402,405.
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
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 30 min 1H first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
Buy above trend line (Which is resistance for now)
Safe trade can wait till 4 hours candle close above trend line
Stop loss 400 closing basis.
Target 1: 430
Target 2: 436
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...
4th 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...
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...
