#MtarTech #MINDTREE #LTI #LTTS #INFY #TCS #CNXIT #WIPRO #COFORGE#MTARTECH
NSE: MTARTECH
CMP: 1737.80
TARGET: 2200
SL: 1550
RR: >2.5 times
Return > 26%
Timeframe: <6M
CAN BREAK ALL-TIME HIGH IN FUTURE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Wipro
LONG ::: WIPRODATE: 23 NOV 2022
INSTRUMENT: WIPRO
CMP: 388.75
BUY ABOVE: 389.70
SL: 384.45
EXIT 01: 395.10
EXIT 02: 401.40
RISK DISCLOSURE:
We are not SEBI registered analyst.
views expressed here are for our record purposes only.
Please consult your personal financial advisor before investing.
We are not responsible for your profits / losses what so ever.
WIPRO ANALYSIS!!, 50 MOVING AVERAGE!!WPRO has given a bas returns this year, its quartly results also gave a negative affect on its stock prices. but this are all short term, things.
this stock has pastly given great returns(look at the past trend i have drawn, the returns are approx.. 45% in a year).
long term things are the moving averages, stock is in tis 50 moving average, as shown in its chart. good stock to buy now.
COFORGE, RSI DIVERGENCE!!RSI says everything, and its divergence is a great strategy to go bullish on the stock. currently IT sector is also trading down, i have uploaded its idea many at times. so anyone can go long on this stock, the dark 2 black lines are the range where we need to start looking out for the stock for some actions.
Wipro formed Spinning Candle at weekly supportWipro has been respecting the 400- 385 zone for the past many weeks.
And this week, it formed a spinning pattern at the same support zone.
Now the chances are high that above 400 levels, it could test 420-430 levels in no time.
On the hourly timeframe, we could see price forming double bottom formation, now sustaining 392, it could move toward 400 levels initially.
400 level may act as temporary resistance and any breakout above this level, the stock would most likely be moving towards 420-430 levels.
WIPRO WITH A FRESH START!!nifty it is now started showing a bull trend. i had even previously posted about tcs and nifty it, where i could a lot of cheers.
one can take target @426
target 1- @450(for very short term)
target 2- @526(for swing trade)
one can go for lonf term by currently buy at this point, since 400 is the the bottom(and accordingly to my analysis it cannot go down any other further).
WIPRO 1W TFWipro reversing from a very important fib level on monthly TF.
One can go long in this for upcoming months, it is going to give great returns in the coming months.
SL :- 380
Target :- 700+
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.