The stock is currently hovering close to its resistance zone, while a distinct demand zone is evident around the 400-level mark. Furthermore, there is confirmation from the trendline.
For a prudent trading approach, it is advisable to refrain from entering a short position until two conditions are met: first, a clear breach of the Demand zone, and second, a...
Observations::
----->> 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 Ltd swing trading Positional View short term( Daily Time Frame) and Medium long term( Weekly Time Frame
Wipro Ltd is Currently in down trend and this idea is Pull back trade on daily & weekly time frame.
This is a Risky trade with lower stop loss and with min 1:3 RR.
Trade can be taken with strict stop loss at traders risk.
Best Accumulation zone...
4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.
Company is having sound fundamentals.
Technically it is highly bearish.
In short term, a pullback towards 500 odd levels is more likely for a possible bull trap.
530 level will act as strong resistance zone (highlighted in red).
Expecting IT index to correct...
WIPRO Sell below 579
SL 616 on weekly closing basis
Target:- 554, 527, 450
So, we have to initiate a bull put spread -
April Expiry
580 Put buy along with 550 Put sell
If 550 is not achieved in the April expiry then one can again take this trade for next month's expiry provided the trade should be in profit.
(For example:-u can initiate 560 Put buy...
Hello
Welcome to this analysis about WIPRO , we are looking at daily timeframe perspectives. WIPRO is developing here that will be a decisive factor in the upcoming times. I discovered the main formation WIPRO is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how WIPRO has emerged with...
