Wipro ExitWipro 247 is in bearish trend. Exit with SL 243.
Signals are negatively diverged.
If support breached, it may fall to 213.
WIOA trade ideas
WIPRO at Best Support !!This is the 4 hour chart of Wipro ltd.
WIPRO has a strong support zone in the 245–248 range.
WIPRO is forming a symmetrical triangle pattern, with a potential target of 268, which also aligns with the channel's resistance zone at 268-270."
If this level is sustain , we may see higher prices in Wipro !!
Thank You
Wipro in recovery mode on monthly chart.Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions.
Wipro Closing price is 249.67. The positive aspects of the company are Attractive Valuation (P.E. = 19.9), Companies with Zero Promoter Pledge, Companies with Low Debt, Annual Profit Growth higher than Sector Profit Growth, Company able to generate Net Cash - Improving Net Cash Flow for last 2 years and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Promoter decreasing their shareholding, Increasing Trend in Non-Core Income and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 251 Historical Resistance in the stock will be 257 and 277. PEAK Historic Resistance in the stock will be 292 and 312. Stop loss in the stock should be maintained at Closing below 227.
Disclaimer: 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
WIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long PositionWIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume & support structure integrity risk}
Risk/Reward ratio ~ 2
Current Market Price (CMP) ~ 254.4
Entry limit ~ 254 on May 16, 2025
1. Target limit ~ 258.5 (+1.77%; +4.5 points)
2. Target limit ~ 263 (+3.54%; +9 points)
Stop order limit ~ 249.5 (-1.77%; -4.5 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
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(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
Wipro Ltd view for Intraday 15th May #WIPRO Wipro Ltd view for Intraday 15th May #WIPRO
Resistance 255 Watching above 255 for upside momentum.
Support area 250 Below 250 ignoring upside momentum for intraday
Watching below 249 for downside movement...
Above 255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Wipro Trend direction..Good for long term investmentWipro 242 has given a symmetrical triangle pattern which is indecisive . Resistance at 249 ad support at 238. it may move any ways. Volume suggests bulls over bears.
Fundamentally it is trading at 10 Years of P/E which is good for long term investment. Additionally FII's have the highest stake in this quarter of last 12 quarters.
IT Stock Wipro Ltd. trading near good SupportSince 2001, Wipro Ltd has been moving within a three-part divided parallel channel. The monthly chart highlights a major polarity zone, suggesting that the stock is currently near a significant support level. On the daily timeframe, Wipro is also forming a rising wedge pattern, with the price hovering around another strong support zone.
we are waiitng for long on wipro at 200 level we can go long if we got entry @200 level in wipro
with stoploss of 170 level
buy side entry only @200 level
stoploss 170
1st target - 320
2nd target - 500+
note: do not entry on cmp because our stoploss will be bigger here and target will be small so we must have to wait for best entry on 200 level
WIPRO can be buy with a tight stop-loss. Ignore the news and focus on the chart. If the stop-loss hits, no worries, we just have to follow the plan and try again.
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Wipro Demand ZoneWipro Demand Zone (DZ) refers to a specific price level or range where Wipro's stock is expected to attract significant buying interest, potentially leading to a price reversal or bounce. This concept is widely used in technical analysis to identify key support levels where traders can look for buying opportunities.
WIPRO- for investment WIPRO- for investment potential 2X stock in an year.
IT stocks will show some good moment in coming year, this could be one of them !!
Buy zone Buy Zone 390 to 440
Investment Targets :- 855, 976 ,1105 may be 1242
Please do your due diligence before trading or investment.
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I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
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