Wipro swing tradeWipro daily time frame chart it may come to 370 to 380
Disclamer: I am not a sebi Registered, this is not a buy or sell recomendation
WIT trade ideas
Wipro teams with Zscaler to boost AI-driven cybersecurity salesWipro Ltd. ADR has announced a strategic partnership with the IT giant Zscaler, enhancing the reach of its newly launched Wipro Cyber X-Ray platform. This collaboration is expected to bolster Wipro's position in the cybersecurity market, targeting a broader customer base with advanced AI-powered solutions.
The Wipro Cyber X-Ray platform employs artificial intelligence algorithms to enhance data protection tool management. Notably, it features a user-friendly cybersecurity monitoring and management dashboard designed to be intuitive even for non-professionals. The dashboard provides comprehensive insights into current risk levels, vulnerabilities, protection statuses, performance analyses, and potential consequences of cyberattacks, among other critical parameters.
Exploring potential trading opportunities, let's review the technical analysis of Wipro Ltd. ADR (NYSE: WIT):
On the Daily (D1) timeframe, Wipro's stock has established a resistance level at 5.70 USD and support at 5.15 USD. An initial uptrend is observable, suggesting potential for further price increases. If a downtrend initiates, a potential downside target could be 4.10 USD.
If the current uptrend persists and the stock breaks through the resistance at 5.70 USD, a short-term target is 6.45 USD. For a medium-term investment strategy, the stock price might rise to 8.05 USD if the upward momentum continues.
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Wipro Limited (WIPRO) AnalysisThe chart provided is of Wipro Limited (WIPRO) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary:
1. Trend Analysis:
- The stock experienced a strong uptrend from mid-2020 to late 2021, reaching a peak around 740.
- Since then, it has been in a downtrend with intermittent periods of consolidation and minor recoveries.
2. Support and Resistance Levels:
- Resistance:
- 543.55 (61.8% Fibonacci retracement level).
- 606.70 (previous high and key resistance).
- 711.90 (1.618 Fibonacci extension level).
- Support:
- 439.85 (Recent low and significant support).
3. Fibonacci Retracement Levels:
- The chart shows Fibonacci retracement levels from the recent high around 740 to the recent low at 439.85.
- 50% level at 523.75.
- 61.8% level at 543.55.
4. Chart Patterns:
- There appears to be a descending triangle pattern forming, with lower highs and a horizontal support level around 440.
- A breakout from this pattern, either upward or downward, will likely indicate the next major move for the stock.
5. Current Price Action:
- The current price is 484.55.
- The price has recently bounced off from near the 440 support level.
- The price is approaching the descending trendline, which could act as resistance in the near term.
6. Moving Averages and Indicators:
- The chart does not explicitly show moving averages or other indicators, but the trend lines, Fibonacci levels, and chart patterns provide key insights.
Summary:
The chart of Wipro Limited (WIPRO) shows that the stock has been in a downtrend since late 2021 after a significant rally. The stock found support around 440 and has recently bounced from this level. Key resistance levels to watch are around 523.75 (50% Fibonacci retracement) and 543.55 (61.8% Fibonacci retracement). The stock is currently testing the descending trendline resistance, and a breakout above this level could indicate a potential reversal. However, if it fails to break this resistance, the stock may continue to trade within the descending triangle pattern, with 440 being a critical support level.
Wipro last 2years IT company performance its worst.. now expecting positive rally .. its only for knowledge sharing only
WIPRO LONGNSE:WIPRO Breakout - retest- and parabolic breakout possible . Wild up moves seen in month or two.
Wipro is ready to blast for 750 Targets !!Wipro Chart is Bullish after 20% correction
Wipro is on Law of Polarity working from 2021
Stock has achieved the targets of LOP which was coming around 550
And stock has corrected exactly from there !!
Now stock is around Law of Polarity and also Wipro is making Falling Broadning pattern in an uptrend which indicating Bullishness.
Stock is still around the support area and looking lucrative.
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Demand zone in confluence with Fibbo 50%Demand zone in confluence with Fibbo 50%
Buy for long term
Time for Nifty IT for the next bull run.
WIPRO 1DAYwait for the super breakout.
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I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
Wipro - An attempt to identify next bull runHello All, Please find attached a detailed video on timeline change for wipro, and I am attempting to identify when the next bull run will start.
Wipro near supportThough the IT stocks are not doing well.
Wipro is near support.
I will keep in watchlist and check for any reversal
Wipro looking goodWipro looking good. It has taken support at 200 D EMA and likely to reverse from here.
My idea is only for educational purpose.
BUY WIPRO cmp 450 target 480 SL 442There is strong correction in Wipro and it is near strong support zone. It can possibly retraced with broader market going up. Risk to reward ratio is favourable
Wipro, Possible Targets 520, 610IT stocks looks like made a comeback. Wipro making cup and handle pattern, 1st Target ~520, 2nd target ~600-610. Its a positional trade. www.tradingview.com
WiproI have short term idea on wipro
please make sure entry if you find any reversal candidte
stoploss must and should
WIPROWipro is all set to break out. Still not confirmed wait to close above 450 on daily time frame. we will buy above 450 closses on daily time frame bases only. & must be supported by gud volume. SL will be very low for positional trade and in 2 to 3 months we may have gud target.
SL 377 FOR POSITIONAL TRADE
Wipro - extrapolatedWipro seems to fall further and then recover and shall move sideways will keep it below 500 for along time !
Buy signal in Wipro
I think Wipro has tuched its current downswing low and is at the right place for fresh buying for next 1 month or so. I expect around 10% return.
Wipro in a year Torm it will go up up to 50%, it's my view Wipro in a year Torm it will go up up to 50%, it's my view
Wipro 5th wave pendingWipro Given earlier few months back at 400 odds.. Now may be doing last move of this wave.. Can buy near 513 (can also show 507 as low ) & keep stop loss at 500 odds.. it can achieve 560-580 range in the nest 10-15 days. Risk reward seems great..
Wipro Chart AnalysisUsing FVG and Fibonacci Retracement and Trend Based Fibonacci Retracement, finding areas of support and profit booking area.
