WIPRO Bullish marubozu candle on chart
Breakout with huge volume
Chart setup favour of long position
Price above Moving averages
MACD & RSI Bullish
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
WIT trade ideas
ITPROWipro, is coming off a years of downtrends, it did breakout off a daily cup and handle pattern also looking good on weekly basis, this should rip higher especially since it sector hasnt been performing well, i think the rotation for the next leg higher for the indices would be IT to make index new highs.
Inverted head and shoulders Formed inverted head and shoulders at support and broken with good bullish candle. Good for swing trading. It's only my view not a recommendation.
Techno-Funda Chart of the week. WiproThis chart came to my attention when it gave breakout of the downward channel at 400. Last week, however, it has given a inverted head and shoulders breakout on its weekly chart with very good volumes. Wipro is India's one of best large cap IT and consumer products company with extremally good tract record of financials as well as management. Investors should have these fundamentally strong stocks in their portfolio.
Considering its all time high of 718, this stock is getting at 55% discount and Investor's should not miss this wealth creating opportunity. A new entrant should either keep no stoploss or very deep stoploss for this trade as there are clear indications on the chart of trend reversal.
CMP - 462 (24/12/23)
T - 600
LONG WIPRO We have a Range breakout in #Wipro after making a successful base around 350-380 levels, stock has managed to break the range upwards.Imp Levels marked in Black. Wipro can go towards new highs, Buy on dips until 370-377 Levels held!
R1- 490
R2- 540
R3- 615
S1- 444
S2- 377
S3- 355.
$WIT Poised for Continual GrowthAn approximate horizontal trend channel in the medium long term is broken up. Continued strong development is indicated, and the stock now meets support on possible reactions down towards the trend lines.
The price has also broken the resistance at 5.34 of a rectangle pattern, which signals a further rise. The stock has broken up through resistance at dollar 5.30. This predicts a further rise. NYSE:WIT stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise.
WIPRO LTD broked major resistance and important Fibonacci levelAfter a strong consolidation Wipro Ltd broked its major resistance and important fib level (0.5).
Good for mid to long term investment
First target - 600-620
Second target - 720 -740
Note - This is not a buy/sell recommendation. Chart is only for educational purpose, Trade as per your analysis
WIPRO BREAKOUTHi all,
After two years of down fall and one year of consolidation, now wipro gave very good breakout with good volume, I’ll consider wipro for long term and my first target is above 600 level. Having patience to hold till the price hit 720. Recent US interest cut news also in favour for Indian IT sector and wipro is one the favourite pick of mine.Expecting a 2x return in less than a year.
Iam not a SEBI registered advisor, do your own analysis, iam just sharing my ideas only for educational purpose.
Wipro - Before breakout
Hello All,
I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits.
If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Gautam Khanna
Technical Analyst by Passion :-)
Wipro - Study and analysis Good morning,
Today we are discussing about wipro india. This IT stock was in downtrend for a long time however it shows some good sign breaking it's weekly resistance multiple times it is now near at it important resistance which may play important role here. On the day time frame it has already breakout the resistance zone however on weekly chart it needs to be confirm.. if wipro manage to provide us any more green candle above this weekly zone then we may see potential Reach of 500+ however if breakout fail from here Buy Zone 2 is the best zone to enter..
Let's study this stock and keep an eye on it
This idea is only for study purpose investors are restricted to take any investment decision based on this study material idea..
It stockIT stock are under proforma till yesterday now trend change they are leading market now time to participate in IT counters
No recommendation for buy and sell
WIPRO LONG Reverse Head & Shoulder pattern Wipro gave a breakout from the inverse head & shoulder pattern at 445 with a volume consolidation.
Breakout is invalid below 420
#Wipro Ltd is breaking out of 567 days consolidation #WIPRO
Wipro Ltd is breaking out of 567 days consolidation and this looks amazing too.
Once weekly breakout is confirmed, this can move up nicely. Targets are dotted lines as plotted on charts.
WIPRO...BuyWipro gave a clean breakout...HEAD AND SHOULDERS Pattern...Tgt calculated on breakout which is happening as I type...and posted on the chart...So buy and enjoy the profits by New year....
Wipro This stock is getting ready for long run after long time of consolidation
It's is showing the clear reverse head and shoulder pattern
And wait for it's breakout and retestment
Wipro Trend based Fibo Extensions The chart show support between 375 - 352 with targets projected by the Trend based Fibo Extensions.
We have 2 Fibo extensions here.
1. Starts from 159.80 to 739.85 and than placed at 352 for projections.
2. Starts from 352 to 443.75 and than placed at 375.05 for projections.
The Fibo projections are clearly visible on the charts.
With support at 352 the Fibo projections help us to estimate the probable important target levels that can be traded in coming year.
Wipro A very Good Example of Uptrend Downtrend and Now SidewaysAfter running very long Uptrend and DownTrend Wipro is going sideways and consolidating. It has cleraly formed Support and Resistance Level. As Fundamentally wipro valuation is not very high. There are all chances that after consolidation its upward journey should start.
Navigating Wipro: A Strategic Analysis for Informed Trading
Wipro is currently positioned near the 75-minute demand zone, serving as the lower time frame (LTF) for execution. Let's break down the analysis across different time frames for a comprehensive overview:
Current Market Dynamics 📊:
LTF (75 min): Trading close to the 75-minute demand zone, considered for execution.
ITF (Daily): On the daily time frame, the trend is in an uptrend, with the price residing in the daily demand zone. Notably, the stock is approaching the EMA 20 on the daily time frame, indicating potential support.
HTF (Weekly): Zooming out to the weekly chart, Wipro is positioned in a fair price area.
Trade Plan on 75-Minute Time Frame ⏱️:
Target and Stop-Loss: The upper box on the 75-minute chart provides details on entry, exit, target, and risk-to-reward ratio.
🚨 Risk Management Reminder: Ensure your risk-to-reward ratio aligns with your trading strategy and risk tolerance.
📝 Note: This analysis is for educational purposes only and not financial advice. Trade responsibly.
Trade Smart, Trade Confidently! 💹✨
Wipro can Rise, investing in Wipro is an idea wise.Wipro Ltd. CMP – 400.20
Market Capitalization Rs 2,08,995.4Cr
Red Flags:
Declining annual net profit
Green Flags:
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving cash from operations annual
Promoter holding increasing
Previous Happy Candles Number – 71/100
New Happy Candles Number – 56/100
Fresh Entry/ averaging / compounding after closing above 404.5
Targets: 416 and 424
Long term target: 436 and 444
Stop loss: Closing below 375
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
