Wipro the IT giant of Bharat has given us a cup with handle pattern. The buy point in anywhere below 545 and sell point is all time high. The company has posted consistent profits and has maintained its revenue in such difficult time for the industry. It has given a profit of 3000+ crore after 4 quarters and currently the stock is 30% lower from its lifetime high...
WIPRO multi time frames charts updated Weekly Chart Daily Chart 4 Hourly 60 Min In this educational case study, we delve into the chart analysis of Wipro using Elliott Wave Theory. Our analysis focuses on identifying potential wave patterns and understanding the current wave structure for educational purposes only. Overview: After a significant decline...
The chart provided is of Wipro Limited (WIPRO) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary: 1. Trend Analysis: - The stock experienced a strong uptrend from mid-2020 to late 2021, reaching a peak around 740. - Since then, it has been in a downtrend with intermittent periods of...
Wipro is currently positioned near the 75-minute demand zone, serving as the lower time frame (LTF) for execution. Let's break down the analysis across different time frames for a comprehensive overview: Current Market Dynamics 📊: LTF (75 min): Trading close to the 75-minute demand zone, considered for execution. ITF (Daily): On the daily time frame, the...
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...
Finally wipro broke weekly support And now trying to get new levels and swing
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 made w pattern at the bottom of the chart which made it very bullish for future. Buy it at above 380 (candle close above third level) Target 386.95 394.50 400 408.20 Sl 367
Buy above trend line (Which is resistance for now) Safe trade can wait till 4 hours candle close above trend line Stop loss 400 closing basis. Target 1: 430 Target 2: 436
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...
WIPRO Sell below 579 SL 616 on weekly closing basis Target:- 554, 527, 450 So, we have to initiate a bull put spread - April Expiry 580 Put buy along with 550 Put sell If 550 is not achieved in the April expiry then one can again take this trade for next month's expiry provided the trade should be in profit. (For example:-u can initiate 560 Put buy...
Wipro i expect down fall coming week or month this share will come upto 450 short term and target of 690
for long swing traders its your time to make profit, NOTE : For Swing trading who can hold
The stock is Close Within 52 Week High Zone. Near term, the target is 545. There is Buying opportunity at levels 440 to 460.