WIPRO trade ideas
Double bottom volume and Fibonacci retracement WIPRO is down extensively in IT stocks but here is something good that we can play some reversal in it formation of double bottom like of pattern can lead to a full swing of w formation but as of know we can trade it for target of 440 but volume stays in it we can wait till 550 levels.
Wipro at weekly supportWipro at weekly support.
47% down from ATH.
Rsi oversold, followed by positive divergence.
Observe price action in this zone, ( 374- 408) - stock might bottom out here.
Wipro Long setupWipro seems to have breakout, can do 450+ in short term.
SL 410 CLB
-Saptarish Trading
INVESTMENT:- WIPROWIPRO Buy at 400-420
Accumulate till 300
Target 600,700,800
e.g-If you want to invest 1 lakh then buy Wipro now at 400 with 35000 capital. If wipro fall till 300 then buy again with 65000 capital
...ipro Limited (formerly, Western India Palm Refined Oils Limited) is an Indian multinational corporation that provides information technology, consulting and business process services. Delaporte has served as CEO and managing director of Wipro from July 2020. It is headquartered in Bangalore, Karnataka, India.
Wipro important levels Wipro looking bearish if it breaks it's support than it will be comes to it nest support which is also a Fibonacci 0.6 retracement level if tomorrow will be gap down than it will be easily breaks and comes to it and can bounce back from there.
Wipro could be bounce back from its Fibonacci 0.6 level.
Correction of Nifty IT sector will be end soon.
Disclaimer: I am not SEBI registered and this is for educational purposes.
Wipro Ltd swing trade Positional View short term & medium term 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 between 466 to 480 for Daily Time frame
stop loss @ below 465 on daily time
1st Target @ 526 on daily time frame
Best Accumulation zone between 441 to 466 for Daily Time frame
stop loss @ 440 on weekly time frame
1st Target @ 546 on Weekly time frame
2nd Target @ 576 on daily time frame
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Wipro reversal go to One brake the level go to high
First terget will achieve then go to the second terget
In this time 2% of the previous target then tril the stop loss is go to High
wiproMay be reversal from the next minor resistance line .
Wait for trend pattern break out for long term investment.
WIPRO LTD Trend Analysis4th 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 further 30% towards 21000 odd levels which will drag this towards the support level around 330-365 level.
Accumulate around 330-365 level as it lies in confluence with trendline support and golden FIB zone.
Will update the possible targets later.
Do your own due diligence before taking any action.
Peace!!
wiprostock on no trading zone.
it may go more down from here, please wait and watch.
already on support, wait for break down.
wiproits my analysis of wipro chart on crossing the those levels we can go for buying or selling. correct me if wrong
wipro making bilateral pattern according to my analysis wipro can go up or down because on chart it making a bilateral pattern which is ascending triangle pattern, on monday we can expect a up or downside moment from Wipro
WiproWipro made an AB=CD pattern (if it dont extend losses from here & reverses) on daily charts, if overall market & IT index made bottom here reverses,
Then, could be bought with mentioned stoploss & targets.
Risk to reward ratio is well in favour of bulls.
$WIT with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $WIT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
WIPRO may bounce back in range @397-415Based on Fibonacci Retracement Analysis (plus Resistance @397), Wipro is likely to Bounce back within the range of Rs 397 - 415. Keep the Stop Loss at Rs 380. Set Target Rs 600. Risk(35):Reward(185) R:R ==> 1:5.28
Wipro (weekly)Wipro into weekly demand zone (490-440).
This price sensitive zone can produce good bounce atlist till 580-630.🤞
WIPROWIPRO - Analysis
Buying to be initiated from 440 & 375 levels.
Stock expected to correct up to those levels.
No shorts RECO!!
One Swing trading Equity Option -WIPRO 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 along with 530 put sell if Wipro would trade at 560.
u can initiate 540 Put buy along with 510 put sell if Wipro would trade at 540.)
Disclaimer: -Views are for ‘’EDUCATIONAL PURPOSE ONLY’’
Trade at your own risk.
