NSE:WIPRO has taken strong bounce from golden zone in monthly timeframe. We can see long term move above 443 & can buy more till 417 with SL 401 Major targets levels are highlighted in blue lines. Monthly Timeframe View:
Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels...
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.
Wipro, 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.
Technical View on Wipro Technical analysis of wipro
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.
This 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...
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.
An 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...
After 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
Hi 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...
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 :-)
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...