WIPRO trade ideas
WIPRO LOOK FOR BUY AS I AM SEEING THAT MARKET HAS JUST BROKEN ITS INTRADAY MAJOR RESISTANCE AND MADE HIGH AS EXPECTED NOW FOR MORE UPSIDE MOVE ACCORDING TO ME ITS NEED TO COME THERE AT LEAST TO RETEST THAT LEVEL SO THERE WE CAN ENTRY WITH SMALL RISK FOR MINIMUM REWARD:RISK 10:1 TO BE HONEST FOR SOME TRADERS THATS ONLY DREAM TO MAKE THAT PROFIT BUT WE ARE MAKING IT AS IN INTRADAY TRADE HAVE A GOOD DAY RIGHT NOW I AM WAITING FOR MY BID
WIPRO Long for Target 530WIPRO moved as shown in previous chart.
It may correct to 400 in coming days. Monday January 11 it may cross 450 . Then a correction to 400 and rally begin for target 520+ .However its not end .
WIPRO LOOKING STRONG TAKING BUYING TRADE SO LETS KEEP BID FOR ITBUY WIPRO AT 423.95 KEEP STRICT SL 422.95 TGT 428.95--433.95 RISK REWARD(1:10) LETS SEE WHAT HAPPEN ANYWAY LAST TRADE OF APOLLO HOSPITAL GIVEN US (RISK:REWARD --1:9) GIVEN AND WE NADE THAT SO LETS SEE WHAT HAPPEN WITH THIS
Breaking levels will give results based on Price actionIf the above level is broken than new high can be seen as IT stocks are preforming well. But if lower level is broken then the marked line can be demand zone
Harmonic PRZ 1 crossing ***** Month time Frame / Swing Trading *****
Short position was created at Harmonic PRZ 1 - 379. It fell to 343.
Now it has recovered & came up again.
Next #Harmonic_Level is at 406 - 454. next Reversal can come from anywhere in between.
406 becomes next immediate resistance
***** Day Analysis / Intraday ****
Short :- As it is at #Harmonic_Level 1 which act as resistance, one can short it
Long :- If it breaks day high, #can Target till 406
Wipro Breakout Tech Rally Started . Wipro is Leader and will outperform 2021 . Elliott wave 3 or High impulse wave started for target 450 till March 2021 and can cool off near 400 in correction making wave 4 then to start journey towards wave 5 making High of 500 .
WiproWIPRO
Currently Trading -364.20
Target 1-370.70
Target 2-377.55
Target 3-389.30
Reason
Macd cross over the signal line towards upward movement.
Short term investment Target
WiproWipro
Currently Trading-364.20
Target 1-370.70
Target 2-377.55
Target 3-389.30
Reason-
1.Macd cross over the singnal line towards upward movement.
WIPRO - NO FRESH ENTRYWIPRO is not giving any fresh opportunity on daily basis. However, once it kissed 346 can add some quantity.
Wipro - Elliott wave analysis - WXY correction Wipro is in corrective mode after impulse cycle finished at the last top. Price is expected to go down in Y wave for target below 320. The X wave is completed yet, so wait for confirmation of short trade.
Wipro - Intraday / Swing Trade SetupWipro CMP - 358.90
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 361 / Stop Loss - 356
Target 1 - 364
Target 2 - 367
Target 3 - 370 / 375
Disclaimer: This is my view and for educational purpose only.
WIPROI'm not an expert I'm just sharing my views on WIPRO for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
