Wipro Intraday Options Live TradeHappy trading, do your diligence before entry!
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Wipro
WIPRO- Hourly/Daily/Weekly Timeframe-Channel/Tringle patternNSE:WIPRO
WIPRO has beaten so badly in last few months. The stock is near major support levels. The Sellers are trying to push it however somehow it is holding its levels.
Weekly : It has formed double bottom (355-360 level) at the bottom of the channel. As per weekly chart 370-380 was earlier resistance from where we saw sharp buying. Now it is retesting these levels and holding it from past 2 days. Besides it’s a .5 Fib level as well.
Daily : On 26th June there is a rejection from the bot (Hammer) which indicates 370-373 is strong support levels.
Hourly : From past 3 days it’s consolidating between 378-390 in tringle pattern. On Friday 30th June if we see a bullish price action near these levels it’s the best time to go long with small SL.
For positional traders SL should be around 370.
This is only for educational purpose, please manage your risk accordingly.
WiproWipro CMP 383.5
chart is self explainatory...
an IHS in making possible...
as long as it holds 378.
I would be willing to take long for tgts of 400/425/455++
Just a View!!
Vedang :)
Chart is for study purpose only!!!
wipro buyback with 440 ce idea 29 junhi every one
wipor buy back 16 jun so
ready for big move in CE call
Ascending order candle in wiproFinally wipro broke weekly support
And now trying to get new levels and swing
ready to go up. 200 MA cross over + Breakout with good volumeBuy wipro. Solid breakout and 200 SMA crossover. Good volume
Wipro @ Supply Zone + ResistanceObservations::
----->> 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.
Infosys - ADR - Good breeak outInfosys - ADR - Good breeak out
1:5 RR.
Cup and handle formation
Quality supply area is created
Wipro: Time for reversal?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.
Wipro can be a good buy at this level
Wipro can be a good buy at this level for upside of around 5% in very short term.
Wipro Break Very Importent Level wipro break importent level with 200W Moving Average. In upcoming weeks we will see a fall In wipro stocks
(Always Do your own analysis)
WiproMost of the price action views for a stock are reliable and here on the chart of Wipro; formation of Triple Bottom Pattern clearly depicting a new signal and will provide a good opportunity after its reversal from price of 377. Whereas new orders will arise at 400 witha target of 60points and the booton of the pattern will be a stoploss for the trade.
Thank you.
Hope you like my view.
Major Correction for Nifty ITNEGATIVE SIDE :
1. Nifty IT broke the major support level at 34450pts during the last trading session.
2. The two major rejection candle at the level 36750pts in the recent time is so crucial. This is because of the two major correction happened in the past one in 2000 and the other during the corona situation. Both the corrections have the 4.236 fibonacci level at around 36000pts. Which will play the major supply zone for the coming days for IT.
3. The Fibonacci level drawn in this chart shows the pullback happens exactly at 0.618 level, which is again a negative side.
4. The moving average 20 & 50 is getting closer.
POSITIVE SIDE:
1. Currently, Nifty IT is at a major support level. Lets hope that it will bounce back from the level.
Wipro Long time investment Opportunity Wipro Long time investment Opportunity. Retesting the multiyear breakout level and also forming rounding bottom pattern. Looks good opportunity for long term investment.
W pattern in weekly chart 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 A weekly timeframe chart of WIPRO which is losing from the last year
Strong support zone is 370
Minor resistance zone is 420 zone
Wipro Bullish in 1 DTF!#The Pattern is a simple Support and Resistance
Points to Look:
1.The Channel Pattern is slanted downwards, this pattern has a high success rate!
2.Inside the pattern the recent trend is Bullish(Higher Lowes formation)
3.There is 'W' shape pull visible(23 Dec to Jan 6 touch points) in the trend which is also a good bullish sign.
4.Despite all this wait for a confirmation candle tomorrow and then take the position.
5.The Stoploss is minimal which can be kept below the upper trend line also shown in chart.
$Happy Trading Mates$
Wipro 4 Hourly Timeframe Wipro in 4 Hour Timeframe formed Twizzer top pattern & bearish engulfing. If next candle formed bearish then pattern will be confirmed i.e bearish engulfing and you can set 1:1 target.
WIPRONSE:WIPRO
Good Earnings !
All Indicators look Positive , Much Needed BO !
One can Go Long !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Wipro Looks good for Swing/IntradayWipro has given a breakout of a small pattern from cmp we can aim for small target or even higher levels too.
WIPROWipro weekly chart
from Last 3 month this stock is trading from 370-430 zone
Strong support is 370
Strong Resistance is trendline
NiftyIT - historical performance since 2007The chart shows 15 years track record of the Nifty-IT sector.
Out-performers :
1. Coforge
2. HCLTech
3. TCS
4. Infy
Under-performers :
1. TechM
2. Mphasis
3. LTIM
4. Wipro
5. LTTS
When the IT sector starts to turn and takes charge in the sector rotation, I would be rooting for the historical out-performers which create value.
