Trend line formed in wiproTrend line formed in wipro, heading towards the target 227 which acts as resistance level
Also we have fib level 0.5 a 227.
No trend reversal formed in lower time frame
WIPRO trade ideas
WIPRO - Trade No - 10Trade No - 10
WIPRO gives breakout and bearish closing on 9 june . This is intra day trade and has 1:2 risk reward ratio.
Trading History -
- Buy - 219.75
- Sell- 222.45
- Stoploss - 223.80
- Quantity - 3200
- Profit / Loss - +8489.36
- Trade Taken - 09/06/2020
- Trade Close - 09/06/2020
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
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Wipro for Short???wipro is making a good upside channel and there is chances of getting from resistance and we can short it if it breaks the trendline and retest completed....
Wipro Limited $WITEntry. $3.45
S/L $3.30
TG $3.68
12 months Consensus Price Target: $3.46
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Wipro trade setupWipro trade setup
Buy in the range of 170-186 levels
1st Target around 230
This is a long term trade setup for buying at support levels and holding for some time
Basis
1. Support levels at around 170
2. Monthly chart
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Short Below 182.5As per setup Wipro had given sell signal around 185. #Wipro can crack 10 points if it trades and sustains below 182.5. Risk averse traders should wait for an hourly closing below 182.5 to initiate trade with SL of 186.
Traingle pattern has been observed in WiproWe have observed there are four rejection at the support level and simultaneously four rejection at the resistance level in Wipro. It would be easy to take a trade in Wipro. Either it will give breakdown at 189 or Break out at 191.
WIPRO -CASH intraday strategy for 3rd April 2020Open position Strategy
Gap down Long @ 182/184 , T1-186 , T2- 190
Gap up Short @ 201 more @ 199, T1-194.5, T2-191.5
Between Pivot & R1 Long @ 191.5, T1-194.5 T2-199.2
Between Pivot & R2 Short below 189.5, T1-185.5 T2-184/182
Wipro - Long - Long termOne can buy Wipro if it close upward this week with SL below red line shown in the chart....By Jan-Aug 2023, expect the target at red arrow to hit..
Wipro Positional BuyAll levels are marked on the chart. All Charts are for educational purposes. Non-advisory, discretional.
