WIPRO trade ideas
Double top and bearish engulfing pattern and price in overboughtA good shorting opportunity
bearish engulfing pattern formed after wipro announced it's result
i have also checked the delivery percentage which was less.
if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate
also price is in overbought region as per RSI indicator.
and lastly it looks like a double top has been formed after a uptrend in price which could mean that trend is about to reverse
WiproPrice forming a base at support around 255, a breakout from the base would take the price to atleast 280!
Wipro is on Multi Year breakoutHello Friends,
Wipro is on Multi year breakout. Pull back is happening.
Buy on dips till 340, 320, sl below these levels.
Previous high was close to 500, it is possible we might touch that again, break above 500 it will be new ATH, so follow the trend.
WIPRO is basically good investor friendly share, as it is gives the Bonus regularly and stock splits as well.
Be an investor in WIPRO for 20-30 years, 100000 rs invested in WIPRO in 1998 is multi crore investment now
WIPRO - DAILY - BULLISH WEDGEI hope WIPRO inching towards 400 level .....because of the reason i found a BULLISH WEDGE pattern in daily time frame...
So traders pls try to use and jump into this trade once you got the right entry signal..
Best of luck.
Long Wipro for 4th FebAny open below 371 on Wipro should be used to enter with a stop Loss of 362 and a target of T1 - 374, T2 - 377.9
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cup and handle pattern with fundamental analysis push The stock showed a 20 %+ growth in fundamental y0y and stock formed a cup an handle pattern and made a break out last week with good volumes. buying at these levels will give a good entry for a huge up move and the whole it sector posted good results this quarter.
WIPRO - DAILY / WEEKLY - CUP & HANDLEWIPRO forms the CUP & HANDLE pattern in DAILY time frame....
and also i',m expecting ABCD pattern (which we taken as TARGET for CUP& HANDLE )...so WIPRO may touch 365 - 370 ...
Lets see ... what will market do....:)
Wipro Uptrend WeakeningWipro: Uptrend, Weakening
Short.
Levels Mentioned in the chart.
Take half out at 1:1 and let the rest run.
Wipro short viewWipro is highly overbought and at strong resistance daily rsi is above 80 since last some days
We are considering it will take some corrections from here
Decide wisely in tomorrow live market macd also showing weakness
Wipro Seems bottoming OutIt should follow the new upward Chanel. 280 and 300 seems nearest importent labels.
Wipro, E-WavePosted this stock a few days ago. It is a laggard. Price has broken down the intermediate support. If the E-Wave counting is correct, price can halt at 200 DMA which should finish a-b-c (II) correction. Now SL becomes small.
