INVESTMENT PICK - WIPRO - TREND REVERSAL LONG ENTRIES

16 thg 4

Symbol - WIPRO

Wipro Ltd is a global Information technology, consulting and business process services (BPS) company. It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.

Wipro was in consolidation & accumulation phase from July 2022 to December 23.

After that it broke out of this consolidation zone with good buying volumes & went till 550. Now it is retracing back to breakout zone which is 450.

Wipro is a company with good fundamentals so it can be considered for medium to long term investment.

Wipro CMP - 452

It can be accumulated at current level for long term Investment perspective.

More position can be added at 410 - 415 levels.

Stoploss can be 350 or below 350.

Targets can be 545, 600 & 720 which represents 21%, 35% & 58% upside from current level respectively.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!

18 thg 4

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Invested 70% allocation at CMP 450

I will invest 30% more at 410 - 420

21 thg 4

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CMP 452

Touched 440 which was breakout level and reversed immediately.

23 thg 4

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CMP 466

21 thg 5

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Consolidating in a narrow range & getting ready for up move.

25 thg 6

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CMP 498

Investment position 53 rupees ~ 12% in profit.

3 thg 7

Đóng lệnh: đạt mục tiêu

CMP 545
100 rupees in profit.

Target 1 reached.

12 thg 7

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CMP 562

Investment position 117 rupees in profit.