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 also
Both of Above information suggesting a good support after a long time in Wipro
And this support can give you the best investment price.
Third, watch how Wipro is taking support on Monthly chart
It was a resistance trendline where Wipro gave a breakout few years back and now it is retesting those levels, and is consolidating. This can be a good Demand Zone and we can expect a price reversal
Also, if you notice the previous Wipro High, It is giving Wipro a Horizontal Support.
And the best part is, the level is 0.618 Fibonacci Zone, that too in a Monthly Chart.
Fourth, Fundamentals are still great with Profits increasing every year.
FIIs and DIIs have increased there stakes in the company last quarter, so this information can be a highlight for us to invest in WIPRO.
With all these analysis, I think Wipro can be a very good reversal stock for next few months, and we can see a good up move in Wipro.
This all reasons make me pick WIPRO as the PICK OF THE YEAR.
What do you think about this idea?
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 also
Both of Above information suggesting a good support after a long time in Wipro
And this support can give you the best investment price.
Third, watch how Wipro is taking support on Monthly chart
It was a resistance trendline where Wipro gave a breakout few years back and now it is retesting those levels, and is consolidating. This can be a good Demand Zone and we can expect a price reversal
Also, if you notice the previous Wipro High, It is giving Wipro a Horizontal Support.
And the best part is, the level is 0.618 Fibonacci Zone, that too in a Monthly Chart.
Fourth, Fundamentals are still great with Profits increasing every year.
FIIs and DIIs have increased there stakes in the company last quarter, so this information can be a highlight for us to invest in WIPRO.
With all these analysis, I think Wipro can be a very good reversal stock for next few months, and we can see a good up move in Wipro.
This all reasons make me pick WIPRO as the PICK OF THE YEAR.
What do you think about this idea?
액티브 트레이드
One can Trail thier StopLoss to Breakeven. IT Sector is looking good for further upmove. Wipro can give you good returns.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.