Wipro
WIPRO broadening-wedges-ascendingHello
Welcome to this analysis about WIPRO , we are looking at daily timeframe perspectives. WIPRO is developing here that will be a decisive factor in the upcoming times. I discovered the main formation WIPRO is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how WIPRO has emerged with this key broadening-wedges-ascending formation marked in my chart with the black boundaries. WIPRO is near RESISTANCE region which is an important support and also psychological support-mark together with the lower
boundary of the broadening-wedges-ascending formation a pullback
In this manner, thank you for watching my update-analysis about WIPRO and its major broadening-wedges-ascending-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
WIPRO 15 MIN as on 01.09.2021ASCENDING TRIANGLE PATTERN FORMED!!
Too many fake breakouts but Gave again one breakout!!
Taking a pull back and can move again!!
Do check volume!!
Target= 666.25/670
Stop Loss=635/630
200 EMA GIVING A GOOD SUPPORT!
(The above analysis is only for study purpose do not take it as any buy or sell call!!)
WIPRO LONG INTRADAY 26 AUG,2021Dear trader,
If u look at the chart of WIPRO (analysis based intraday only) the WIPRO Buy at 632 and Target at 644
Best Buy at 630
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
WIPRO as on 24.08.2021A FALLING WEDGE PATTERN BEING FORMED IN 15 MIN CHART!!
A PARLLEL PATTERN BEING FORMED IN 1 DAY CHART!!
A good call for intraday if candle breaks up then will retest and move to its resistance level that is off 644!!
And if candle retest then can come up to its support level which was generated with gap up opening that is off 630!!
Their will be the risky trade zone in between the pattern because of support!!
Wait for breakout in any direction for good call and do check volume and retesting value!!
(THE ABOVE ANALYSIS IS ONLY FOR STUDY PURPOSE DO NOT TAKE IT AS ANY BUY OR SELL CALL!!)
WIPRO | PositionalWipro has been on a bull run since the last two months, however the stock is now retracing for the last couple of weeks. The stock is now at a 50 MA position and it seems to be respecting the 50 MA for a long time. The RSI is in the oversold zone and MACD has started fading its negative momentum. The stock is taking support at 23% retracement.
Expecting the continuation of bull run in the coming days.
Idea - Positional
CMP- 526
Target - Next 50 MA crossover
SL - 513
Sharing for educational purpose only.
Might reach till 620 to 670 by trend analysis I have used the trend analysis of the upward trend and felt like it would reach 620 or it can have a resistance at 560 which might get it into a consolidation stage.
But its highly unlikely as they are releasing their Q3 results tomorrow which is why the stocks are continuously rising.
As, its a software company and because of the pandemic software will keep growing as people have realized the importance of it.
All analysis done by me are just ideas which cannot guarantee you results and these are just ideas.
Please do not completely rely on my analysis and I suggest you to do your own analysis for better results.
Thank you !
WIPRO ::: BULLISHDATE: 18 MAY 2021
INSTRUMENT: WIPRO
TREND: BUY
TIME FRAME: DAY
CMP: 508.05
BUY ABOVE: 515
STOP LOSS: 505
TGT 01: 524
TGT 02: 560
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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WIPRO - BULLISHDATE: 18 MAY 2021
INSTRUMENT: WIPRO
TREND: BUY
TIME FRAME: DAY
CMP: 508.05
BUY ABOVE: 515
STOP LOSS: 505
TGT 01: 526
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
WIPRO LONG INTRADAY 12 MAY,2021Dear trader,
If u look at the chart of WIPRO (analysis based intraday only) the WIPRO Buy at 521 and Target at 532
Best Buy at 519.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
WIPRO LONG INTRADAY 30 APR,2021Dear trader,
If u look at the chart of WIPRO (analysis based intraday only) the WIPRO Buy at 489 and Target at 500
Best Buy at 485.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
WIPRO LONG INTRADAY 28 APR, 2021Dear trader,
If u look at the chart of WIPRO (analysis based intraday only) the WIPRO Buy at 490.50 and Target at 500
Best Buy at 488.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
WIPRO - Wipro LtdLevels -
Buy - 432+
Target - 470
SL - 418
The stock has tended to show a strong up move in the month where earnings are reported. The trend has been consistent over the past year and by looking at the current outset of WFH and COVID-19 second wave, it is most likely to continue. The quarterly and annual results will be announced on April 15, 2021, which might make the stock revisit the levels of 470. In addition to that, post Q3 results the stock has formed a flag pattern on both weekly and daily charts, therefore a breakout cannot be ruled out while an event is planned for the coming week. Once the level of 430 is breached on the upside, which is acting as a resistance, the stock can go up to the levels of 470, an up move of close to 10%.
IT shares in the given circumstances of WFH due to COVID-19 is a safe bet as there has been a significant increase in operating profit of the companies which will continue in coming quarters if the situation stays like this. This can be observed by looking at their quarterly results.
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.