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?
Dagangan aktif
One can Trail thier StopLoss to Breakeven. IT Sector is looking good for further upmove. Wipro can give you good returns.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.