WIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long PositionWIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume & support structure integrity risk}
Risk/Reward ratio ~ 2
Current Market Price (CMP) ~ 254.4
Entry limit ~ 254 on May 16, 2025
1. Target limit ~ 258.5 (+1.77%; +4.5 points)
2. Target limit ~ 263 (+3.54%; +9 points)
Stop order limit ~ 249.5 (-1.77%; -4.5 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
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(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
WIPRO trade ideas
Wipro Ltd view for Intraday 15th May #WIPRO Wipro Ltd view for Intraday 15th May #WIPRO
Resistance 255 Watching above 255 for upside momentum.
Support area 250 Below 250 ignoring upside momentum for intraday
Watching below 249 for downside movement...
Above 255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Wipro Trend direction..Good for long term investmentWipro 242 has given a symmetrical triangle pattern which is indecisive . Resistance at 249 ad support at 238. it may move any ways. Volume suggests bulls over bears.
Fundamentally it is trading at 10 Years of P/E which is good for long term investment. Additionally FII's have the highest stake in this quarter of last 12 quarters.
IT Stock Wipro Ltd. trading near good SupportSince 2001, Wipro Ltd has been moving within a three-part divided parallel channel. The monthly chart highlights a major polarity zone, suggesting that the stock is currently near a significant support level. On the daily timeframe, Wipro is also forming a rising wedge pattern, with the price hovering around another strong support zone.
we are waiitng for long on wipro at 200 level we can go long if we got entry @200 level in wipro
with stoploss of 170 level
buy side entry only @200 level
stoploss 170
1st target - 320
2nd target - 500+
note: do not entry on cmp because our stoploss will be bigger here and target will be small so we must have to wait for best entry on 200 level
WIPRO can be buy with a tight stop-loss. Ignore the news and focus on the chart. If the stop-loss hits, no worries, we just have to follow the plan and try again.
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Wipro Demand ZoneWipro Demand Zone (DZ) refers to a specific price level or range where Wipro's stock is expected to attract significant buying interest, potentially leading to a price reversal or bounce. This concept is widely used in technical analysis to identify key support levels where traders can look for buying opportunities.
WIPRO- for investment WIPRO- for investment potential 2X stock in an year.
IT stocks will show some good moment in coming year, this could be one of them !!
Buy zone Buy Zone 390 to 440
Investment Targets :- 855, 976 ,1105 may be 1242
Please do your due diligence before trading or investment.
Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
WIPRO LTD S/R for 21/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.