Wipro (long term pick)
This stock made low of 159.40 on 2nd of March 2020 and made a high of 738.50 on 1st of October 2021, a complete rally of almost 600 points. Since then, it started falling and made low of 352 on 3rd March 2023 which corrected its for 61.8% of Fibonacci levels which is considered as golden reversal for fresh rally in the technical world.
Now, we expect this stock move further and give fresh rally above 738.50 for the upside targets of 1293 and then to 1875 in the coming years.
On the negative note, if it fails and the price break below 352 and close below 352 on the daily closing basis. Then, we can expect more downsides move in it and could give panic situation till 159.40.
Trade or make investment as per the given levels only.
This stock made low of 159.40 on 2nd of March 2020 and made a high of 738.50 on 1st of October 2021, a complete rally of almost 600 points. Since then, it started falling and made low of 352 on 3rd March 2023 which corrected its for 61.8% of Fibonacci levels which is considered as golden reversal for fresh rally in the technical world.
Now, we expect this stock move further and give fresh rally above 738.50 for the upside targets of 1293 and then to 1875 in the coming years.
On the negative note, if it fails and the price break below 352 and close below 352 on the daily closing basis. Then, we can expect more downsides move in it and could give panic situation till 159.40.
Trade or make investment as per the given levels only.