WIPRO trade ideas
Short term entry triggeredIt was expected some more down as seen in chart but bounce back and entry triggered with 410 target
BOX CONSOLIDATION FOUND IN WIPRO AS TECH RISESWIPRO
Everything is clearly mentioned in the chart itself.
As I am writing this , the national and global is highly bullish , especially tech sector.
Thankyou
Buying Opportunity in WIPRO-Ascending Triangle Breakout
-Also Crossed SMA 200
-ADX turning positive
-Wait for retest of breakout trendline
-good entry if retests the support.
Wipro LtdBreak out - Targets mentioned in chart
Portfolio stock - Hold for longterm
Market Cap
₹ 2,32,584 Cr.
Current Price
₹ 424
Stock P/E
20.0
Book Value
₹ 142
Dividend Yield
0.25 %
ROCE
17.7 %
ROE
15.9 %
Face Value
₹ 2.00
Promoter holding
72.9 %
EPS last year
₹ 20.7
EPS latest quarter
₹ 5.23
Debt
₹ 17,467 Cr.
Pledged percentage
0.00 %
Net CF
₹ -1,197 Cr.
Price to Cash Flow
17.8
Free Cash Flow
₹ 11,631 Cr.
Debt to equity
0.22
OPM last year
18.6 %
OPM 5Year
20.5 %
Reserves
₹ 76,570 Cr.
Price to book value
2.97
Int Coverage
14.7
PEG Ratio
2.76
WIPRO 6 MONTHS CHART SHOWING BULLISH REVERSALwipro turned bullish..
bear market over...best long term investment opportunity.
all indicators showing bullish reversal.
target 1600-2000.
timeframe 1-2 years.
WIPRO descending channel On the chart we can see a descending channel pattern.
If the price retests the downsloping support , it would be the entry for a long position.
The target would be at the downsloping resistance.
Invalidation of this trade would be if the price closes below the downsloping support line.
WIPRO- Hourly/Daily/Weekly Timeframe-Channel/Tringle patternNSE:WIPRO
WIPRO has beaten so badly in last few months. The stock is near major support levels. The Sellers are trying to push it however somehow it is holding its levels.
Weekly : It has formed double bottom (355-360 level) at the bottom of the channel. As per weekly chart 370-380 was earlier resistance from where we saw sharp buying. Now it is retesting these levels and holding it from past 2 days. Besides it’s a .5 Fib level as well.
Daily : On 26th June there is a rejection from the bot (Hammer) which indicates 370-373 is strong support levels.
Hourly : From past 3 days it’s consolidating between 378-390 in tringle pattern. On Friday 30th June if we see a bullish price action near these levels it’s the best time to go long with small SL.
For positional traders SL should be around 370.
This is only for educational purpose, please manage your risk accordingly.
WiproWipro CMP 383.5
chart is self explainatory...
an IHS in making possible...
as long as it holds 378.
I would be willing to take long for tgts of 400/425/455++
Just a View!!
Vedang :)
Chart is for study purpose only!!!
Short on Wipro Just for Educational Purpose....
Ending diagonal Pattern with Double top on its top & Retest to SUPPLY Zone
SL must be Strict above high.....
Wipro Looking good Wipro looks good for accumulation upto 387. Shortterm tgt marked in the chart.
This is for educational purpose.
wipro buyback with 440 ce idea 29 junhi every one
wipor buy back 16 jun so
ready for big move in CE call
Ascending order candle in wiproFinally wipro broke weekly support
And now trying to get new levels and swing
WIPRO Make falling wedge chart pattern in 4 hour time fram , 50 EMA cross 100 EMA from below , MACD and histogram saw fair value,
Take break out with High volume and make retest at resistance level so first Target will be 435.90 and Stop loss will be 384.95
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
ready to go up. 200 MA cross over + Breakout with good volumeBuy wipro. Solid breakout and 200 SMA crossover. Good volume
Wipro go LongIn wipro daily time frame a perfect cup and handle pattern is formed with strong bullish candle break resistance with volume and retest is also done now it is acting as support. Go long on wipro for positional trade. target is next resistance. If you like this idea please give it a boost Good luck to you all.
Wipro Moving in a broadening Triangle.Wipro Moving in a broadening Triangle, waiting for breakout or resistance.
Investment Pick!Wipro was trading in a downward channel and it has given breakout this week. Now we can assume the up move in the stock. Wipro is IT gaint and overall IT sector is looking good after Nasdaq has given a double bottom breakout few weeks earlier. Hence I am really optimistic about whole IT sector. All the IT stocks have taken very good beating and a good amount of correction is visible in all the IT stocks in spite of good results.
CMP - 401 (26/5/23)
T - 450, 480 W
SL - 370 W
Wipro @ Supply Zone + ResistanceObservations::
----->> It is near its resistance.
previously a strong fall is observed here, a strong fall happens before day,
but price is again showing bullish pressure, price may reach again 408, 413 zone,
keep track this for continue or reversal.
Keep on buyside for the target of 402,405.
WIPRO - Weekly AnalysisIn the Weekly Chart of WIPRO ,
we can see that, after a huge correction, recovery is done in W Pattern.
Also it is retested.
Enter with SL and go long for a year for goof % of returns.
