Stock in sideways
Spinning top on charts
Result not good.
Wipro adr fell -2%
Price break 200 DEMA
Disclaimer This is my personal view for education purpose only.
No Buy sell recommendations
can buy near 414 and keep sl on close below 394 . a decent risk reward ratio of trade works out, slow mover stock so tons of patience required, if works then even 10:1 reward isnt ruled out
There is an inverted head and shoulder pattern, which indicate that stock has created a bottom. And getting ready for a new trend. When this type of pattern forms in the bottom its a strong indication of stock reversal.
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
Wipro completed its retracement and can bought for every dip......Targets are pointed out.....Keep risk management in mind and don't invest more than 10% of your capital in a single stock....
Wipro CMP 435
Consolidation for our a year in this zone
If we break out of 430/440 zone 600++ targets can be seen
Buy above 445
SL 370
Targets 600++
Short Term/Positional
*Goldencross strategy is one of the efficient strategy in long-term investing*
Follow the FIVE rules below.👇
1) Book 50% of profit at TP-1.
2)Book whole profit at TP-2 or wait for deathcross and Book whole profit when happened.
3) Stoploss is when deathcross happened,be patient in volatile situations.
4) Wait as long as it hits TP as it is sluggish but strong...
Wipro (Investment Ideas):
A fine base has been built on the lower side.
Time to invest in this large cap from investment perspective.
One can expect a minimum 75% gains via swing.
Go long while script rovers around 400-430.
Appropriate resistances/targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting updates...
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...
Wipro Looks Great with Technical Analysis!
There are a lot of hidden reasons for selecting Wipro as the Pick of the Year.
Let me show you:
First, Wipro and Nifty Ratio Chart
This is a hidden Information, and see how chart is taking support
Secondly, Wipro and NiftyIT Ratio Chart
Again a hidden information and See how Wipro is taking support in this...
Wipro on a Weekly ti,eframe has formed an inverted H&S pattern an uis hovering at resistance since 4 weeks. High proability trade upside. Must watchput IT sector for upcoming weeks.
