246 PA. Short near big round number 299Many times Market does not provides good and ideal entry points. Hence needs PITS for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)).
Disclaimer: Set-up shown here is only for Educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on passive analysis (PA) or static analysis for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, news, major economic data release etc may impact the deviation from the assumed scenarios.
WIT 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
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
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
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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.