wipro - Momentum buildupWIPRO - Momentum Buildup near demand zone
One can go long with a SL of 525/500.
Only high risk investors/traders should take entry here, as the stock is still below 200 ema.
WIPRO trade ideas
Wipro EWT Analysis Wipro Elliott wave Daily chart Analysis
Wipro price is an uptrend from the pandemic significant low 160 to 730 in the channel and has completed 5th waves of daily waves and 3rd wave of weekly waves.
At present time price has completed flat correction of daily wave 5, denoted ABC
Wave A beginning 730 to 604
Wave B is ended near the starting point of wave A up to 99% which is not beyond the beginning of wave A.
Wave C is an Extension of Wave B, 532 (1.41% fib ratio relationship).
Wave C ended denoted by wave W on a higher degree.
Price may go for X waves up to 680-700 retracement of wave W
we can invest for short time for wave X up to 15-18% with stop loss below 530 follow strictly stop loss.
RSI shows Bullish Diversion.
If We Read weekly Degree, price 3rd wave has complete 261.8% of projection of wave 1 After the breakout of multiyear level 380 and 4th wave under construction it should be a complex structure WXYXZ. present time price Flat correction completed which is one part of complex structure finally weekly 4th wave may be ended near 380 (0.618% retracement of whole waves) or pullback of the breakout of the multiyear level it will be given the best opportunity to invest for a long time when wave 4th Finish on the higher degree.
Disclaimer
This analysis is for only educational purposes.
Before Investment please guide your financial adviser.
WIPRO ANALYSISCMP: 555.25
Triple-Bottom Pattern
Support Zone: 536-538
Entry on upside break of the trendline
Upside Targets: 588-590
Inverse H&S In Hourly TFFormed A base and now at BO level.
Made inverse H&S pattern.
Rsi crossing 60 in hourly and crossed 40 in daily.
Also CNXIT looks bullish.
Can be A good buy if broke today's high or resistance level.
If Gap up wait for retest to enter.
Target can be next resistance or hight of the head or round no. 600.
WIPRO ANALYSISDescending Triangle Pattern
CMP: 562.45
Above 571.30, Upside Targets: 587.35-589
Below 537.30-539.50, Downside Targets: 529.40-530.75, 522.45-523.60
Wipro Target 690Wipro i expect down fall coming week or month
this share will come upto 450 short term and target of 690
Wipro wave analysiswipro is wave 4 flat correction ,last wave c of flat pending,after this expect last wave 5 downside.disclaimer:this is my view if patterns change i will also change my view.
Wipro wave analysiswipro is in elongated flat corection since from october,its expected to end near 470 level and last 5th wave downside is still pending
Indian IT GiantsNSE:WIPRO
Wipro is on Support and also has formed double tops
Also market is continuously falling and quarter results were not so good.
So may be we can see breakdown here.
WIPRO Analysis🙌 Not a Good Level to Enter for LONG TERMHello Guys,
I am Nilay Chopda, I am not a SEBI resigtered person. I GIve Call for Educational Purpose Only..
In this Chart Only Proper SELLING Signal is Generating..
No BUYING Signal is there as of now...
WIPRO#WIPRO.... CMP - 605
Looking Good if Sustain Above 600 -590 Level....
Upside Target...640 , 680
Wipro 1WTFWeekly Breakout in downtrend up to 600 is the target and then may retrace up to higher trendline
Double BottomWipro has formed a double bottom pattern on weekly chart, perfect time to enter for price 605
WIPRO - Reversal zoneWIPRO - High probability reversal zone.
Watch the concurrent nature of volume profile near the exact same levels.
NOTE - Only high risk investors can positions now, others should wait for a bullish reversal candle.
WiproWipro
Currently in an downtrend - Dont enter
Its Support levels are Highlighted in Green
and could see a bounce back at any of the 2 Support lines as shown.
RSI: 36
Enter only once it cross it 50 MA
at 670 levels.
Like & Follow
Contact on the below whats app No for Daily Alerts
99626 68555
#Wipro looks good for buying now#Wipro looks good for buying now
Date : 18-Jan-2022
Buying : 645
Stoploss : 630 CB
Target : 710+
Risk : 4.0%, Reward : 9.73%
Timeframe : 1.5+ months
wipro swing opportunity if wipro sustain above 655 then buy for the targets of 666,684,725
very small risk and high reward
this view is for educational purpose only
@profit strategy
contact no. 8956337959
WIPRO 1D TFWipro reversing from important time zone.
Good time to buy calls for FEB month.
Target :- 720+
SL :- 600
Wipro at supportDISCLAIMER: We are not sebi registered. The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
