Wipro

[SatyaGadepalli]

Hi,

Does any one see Wipro toucing Rs.550+ in the near future? ( 1 or 2 weeks?)

Thanks
Saty

 

[sankar ghosh]

Wipro is going through some consolidation at the level below 521.00,i.e, it is at 510 today.It will try to break 521 shortly.Immediately it is not in a great trending mode.The daily trending indicator ADX is below 20 and daily and weekly MACD is showing slight upmove.The trend is developing.Hold and see if market moves up wipro by all probability will touch 550.Please log into WWW.icharts.in for daily and weekly MACD.

 

[NEWism]

Wipro is ready to move now. 534, 550 are the initial targets though we have eyes on 600+. Enter at 500-505 with stop<490. In fact, position trading will be the best for the counter.

 

[sankar ghosh]

wipro has broken out.you may move into strict stoploss to catch a false breakout.However watch ADX and hold stock through its upmove.Market may correct anytime ,pennystock problems are creeping in.Signalling market topping.