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💎( NSE:Wipro) - Chart of the week > Decent volume > Multi-year breakout > IT flavour of the market > Decent price action >>> About the company<<< > Wipro is one of the leading global IT, consulting and business process services company. > It is the fourth largest Indian player in the global IT services industry, in terms of revenue, after Tata Consultancy Services (TCS), Infosys Limited (Infosys) and HCL Technologies Limited (HCL). > Wipro was incorporated in 1945 as Western India Vegetables Product Limited and was predominantly a consumer care product manufacturer till 1980 after which it diversified into the IT services business. > With effect from April 1, 2012 (FY2013), the company demerged its other divisions (consumer care and lighting, medical equipment and infrastructure 4engineering) into a separate company called Wipro Enterprises Limited (WEL), to enhance its focus and allow both businesses to pursue their individual growth strategies. >Wipro’s operations can be broadly classified into IT Services, IT Products and India State Run Enterprise. Wipro derives most of its revenue from the IT Services segment (96.8% in FY2020) under which it provides IT and IT enabled services, which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud infrastructure services, analytics services, business process services, research and development and hardware and software design, to leading enterprises worldwide
NSE:WIPROLong
by Peaceful-Weekend-Investing
JKLAKSHMI can rise 25-30% from current levelsThis cement stock can be expected to move towards INR 1190 levels in wave iii of III. The stock has been maintaining its impulsive counts without much violations and is in very bullish structure. The stock was seen rising in a wave i of I from Sep-Dec 2023. Wave ii was a very shallow "FLAT"(labeled ABC) achieving a mere 23.6% retracement of the impulse, which is a sign of strength. The stock gained 5% on Thursday's session along with a 2month range breakout of price as well as a volume breakout. These signs add to the healthy uptrend continuing for the coming months as well in this stock making it a great pick in the cement space. On the down 880 will be a crucial support to rely upon.
NSE:JKLAKSHMILong
by neeraj_2_sharma
IDBI can give a good run from here.The stock was seen rising in an impulsive 'wave I' structure between March-Sep 2023. Wave II happened between Sep-Nov and wave II managed to retrace 38.2% of wave I. The stock since completing the wave II correction in Nov has displayed two impulsive waves making the labelling as I-II-i-ii-i-ii and hence creating room for many legs to unfold going down the months in 2024. The bigger Wave III target is projected to be around INR 100 mark providing an upside potential of around 50% from CMP. On the downside, INR 64 can be used as a 'SL'.
NSE:IDBILong
by neeraj_2_sharma
7
Good Setup spotted in Burger King India!"Restaurant Brands Asia Limited" earlier known as "Burger King India" is currently showing a good setup and an upside potential of 45% from CMP. The stock had rallied nearly 60% between March-Sep 2023. This very rise was impulsive in nature and therefore labeled as wave 1 on the chart. Between Sep-Dec the stock went through a triple three correction(WXYXZ) and retraced nearly 50% of the impulse. This retracement was in fact was the wave 2. The stock currently is in Wave 3 structure and could rally towards INR 190 mark. On the downside the swing low of 118.1 becomes a crucial structural support for the stock and could be used as a "SL".
NSE:RBALong
by neeraj_2_sharma
Vardhman Acrylics Ltd :-: analysis ⏰ VARDHACRLC📌 DYOR ( do your own research 🔎 ) 📍 NFA Above yellow 🟡 close 📌 beginning of upward ⬆️ momentum It's small cap stock with high :-: promoters / with good dividend 📌 ₹92 is key resistance 📌 we see some pressure :-: above it ☑️ never visit box below yellow 🟡 🎯 ₹111 🎯 ₹144 🎯 ₹300 Below green 💚 box 📍 danger ⚡ Just save my idea 💡 follow and give boosting 🚀 and pls share 🤝 Follow upcoming updates ..... 🧵 👇
NSE:VARDHACRLCLong
by raj5_7_5
Swing Trade : TRUCAP FINANCEBased on the observation I've shared, Let's break down the chart says : Trend Line: I noticed that there is a one-year-long trend line that was pierced on the 28th of June. This indicates that the price broke above the trend line, which can be interpreted as a bullish signal. Higher Highs: I observed that the price has been forming higher highs from the previous swing low. This pattern of higher highs signifies a short-term bullish trend, indicating that buyers are currently in control. Volumes: The volumes traded in the market seem to confirm the presence of strong participants. Higher volumes usually indicate increased activity and interest from traders and investors, further supporting the bullish case. Rejection on Daily Horizontal Level (RD): It seems that the price encountered rejection at a daily horizontal level, suggesting the presence of resistance at that level. This rejection implies that there are sellers who are pushing the price down. Considering these observations, it appears that there are both bullish and bearish factors influencing the market. Aggressive buyers may consider entering on a price dip if they believe the bullish trend will continue. Alternatively, some market participants may choose to wait for the price to breach the current high level for confirmation before entering. Please remember that the information provided is solely for educational purposes and should not be construed as financial advice. It is always prudent to consult with a professional or financial advisor before making any financial decisions. For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer #NiVYAMi
NSE:TRULong
by kzatakia
Seshasayee Paper Board - Short Term Idea, 25-30% ROI.The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal. Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles. One can enter at current market price and hold for target of 530 in the short term. For swing immediate 10% upside is seen, target at 415-420.
NSE:SESHAPAPERLong
by Rugminik