WIPRO | Gann Square of 9 – 45° Support Case Study | 28 Mar 2022This idea presents a historical intraday example of how the Gann Square of 9 can be used to identify logical support levels based on price–degree relationships.
On 28 March 2022, WIPRO Ltd initiated a downward move after forming its 0° reference point near ₹609.
📐 Gann Degree Structure
0° level
Wipro Limited Sponsored ADR
No trades
Key facts today
U.S.-listed shares of WIPRO LTD increased by 6.8% after the announcement of a new trade deal between the U.S. and India, which includes a reduction in tariffs on Indian goods from 25% to 18%.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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0.15 USD
1.55 B USD
10.54 B USD
10.48 B
About Wipro Limited
Sector
Industry
CEO
Srinivas Pallia
Website
Headquarters
Bengaluru
Founded
1945
IPO date
Oct 19, 2000
Identifiers
3
ISIN US97651M1099
Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise Services, and Information Technology Products. The Information Technology Services segment provides digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.
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Wipro: A Classic Cup and Handle poised to deliver 20%NSE:WIPRO
On Higher Time Frames (W/M) its quite evident pattern - Cup and Handle.
Using chart structure and pivots, a reasonable trade setup exists.
CMP 267
Entry: 265-267
SL: 257
TGT - 20%
Its a positional trade. This will offer many churning opportunities in between. Trade prudently using
Wipro limited Buy 253-255
SL 250
Target 270-285
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Wipro: Breakout & Boom!This is the daily timeframe chart of Wipro.
Wipro has been forming a falling wedge pattern, and the stock has given a breakout near the ₹250 level.
The breakout has also occurred above the long-term support zone of ₹225–₹240, which strengthens the bullish structure.
If this momentum continues, the
WIPRO FALLING WEDGE CHART PATTERN BREAKOUT [ BUY SIDE ]The latest price chart highlights a Falling Wedge pattern, a classic bullish formation that often signals the downtrend is losing strength and a breakout to the upside could be near. The stock has been consolidating within the wedge, and a breakout above the resistance line could confirm a strong up
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