Wipro the IT giant of Bharat has given us a cup with handle pattern. The buy point in anywhere below 545 and sell point is all time high. The company has posted consistent profits and has maintained its revenue in such difficult time for the industry. It has given a profit of 3000+ crore after 4 quarters and currently the stock is 30% lower from its lifetime high...
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...
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...
There is strong correction in Wipro and it is near strong support zone. It can possibly retraced with broader market going up. Risk to reward ratio is favourable
📌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)
NSE:WIPRO has taken strong bounce from golden zone in monthly timeframe. We can see long term move above 443 & can buy more till 417 with SL 401 Major targets levels are highlighted in blue lines. Monthly Timeframe View:
Wipro gave a breakout from the inverse head & shoulder pattern at 445 with a volume consolidation. Breakout is invalid below 420
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...
Entry: 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...
Wipro Cmp- 402 Protective Stop- 371 T1- 520 T2- Open, Review at T1 Expected Holding Period- 6-9 Months View- Swing/Investment
#wipro on daily timeframe is bullish..it will touch 640 INR soon.
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
I see two scenarios for the reversal tred for Wipro. Most likely it will follow the first support. Incase does not respect it I will wait till the second scenario. Below that I dont see positive for this share.
Wipeout stock made W pattern in weekly chart. By the way, this stock is fundamentally strong in my view so, didn't sold even I have a bought near 550 rupees. After consolidation again wipro is ready to move up with good pattern.
Wipro broke falling wedge on daily TF also RSI above 60+ on daily weekly taken support from 60 level its good time to get in
Accumulate between 400 to 440 Great Buy!! NEVER MISS SUCH OPPORTUNITIES.