Long

Navigating Wipro: A Strategic Analysis for Informed Trading

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 trend is in an uptrend, with the price residing in the daily demand zone. Notably, the stock is approaching the EMA 20 on the daily time frame, indicating potential support.
HTF (Weekly): Zooming out to the weekly chart, Wipro is positioned in a fair price area.

Trade Plan on 75-Minute Time Frame ⏱️:
Target and Stop-Loss: The upper box on the 75-minute chart provides details on entry, exit, target, and risk-to-reward ratio.

🚨 Risk Management Reminder: Ensure your risk-to-reward ratio aligns with your trading strategy and risk tolerance.

📝 Note: This analysis is for educational purposes only and not financial advice. Trade responsibly.

Trade Smart, Trade Confidently! 💹✨

AfnanTAjuddin

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