The stock is currently hovering close to its resistance zone, while a distinct demand zone is evident around the 400-level mark. Furthermore, there is confirmation from the trendline. For a prudent trading approach, it is advisable to refrain from entering a short position until two conditions are met: first, a clear breach of the Demand zone, and second, a...
Wipro Cmp- 402 Protective Stop- 371 T1- 520 T2- Open, Review at T1 Expected Holding Period- 6-9 Months View- Swing/Investment
Observations:: ----->> 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.
#Wipro ltd is now at the support levels. Now it may consolidated for some time, then make up side move for 449, 456 and 496. First support level is 399.70 & Second support level is 381.10. Note: This is my personal analysis, only for learning.
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...
4th 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...
The stock is Close Within 52 Week High Zone. Near term, the target is 545. There is Buying opportunity at levels 440 to 460.
Hey Everyone. We had seen a breakout from couple of days ago in Wipro with high volume. Stock gives a small correction after the breakout which is a profit-booking and stock is still looking so strong. My view is long in Wipro and there are 2 buy levels for today's Intraday. Intraday ================= 1st: Above 268 Sl: 265 Target: 271/274/279 Second: Buy...