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Wiproanalysis

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. $Happy Trading Mates$
NSE:WIPROLong
by AxionAjay
1
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.
NSE:WIPROLong
by manuagarwal21
Wipro Ltd swing trade Positional View short term & medium term Wipro Ltd swing trading Positional View short term( Daily Time Frame) and Medium long term( Weekly Time Frame Wipro Ltd is Currently in down trend and this idea is Pull back trade on daily & weekly time frame. This is a Risky trade with lower stop loss and with min 1:3 RR. Trade can be taken with strict stop loss at traders risk. Best Accumulation zone between 466 to 480 for Daily Time frame stop loss @ below 465 on daily time 1st Target @ 526 on daily time frame Best Accumulation zone between 441 to 466 for Daily Time frame stop loss @ 440 on weekly time frame 1st Target @ 546 on Weekly time frame 2nd Target @ 576 on daily time frame Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:WIPROLong
by sbkurandwad77
WIPRO LTD Trend Analysis4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies. Company is having sound fundamentals. Technically it is highly bearish. In short term, a pullback towards 500 odd levels is more likely for a possible bull trap. 530 level will act as strong resistance zone (highlighted in red). Expecting IT index to correct further 30% towards 21000 odd levels which will drag this towards the support level around 330-365 level. Accumulate around 330-365 level as it lies in confluence with trendline support and golden FIB zone. Will update the possible targets later. Do your own due diligence before taking any action. Peace!!
NSE:WIPROShort
by Swastik24