Namaste!
Wipro has been sold off (down 47% from the ATH) because of technology sector (NASDAQ 100) being selling off since the start of the year. Buying good companies at a discount is always a good idea.
So, I see a very good investment opportunity in this stock. Remember, investing is different from trading. There are only two scenarios in my opinion, either a company goes bankrupt, or I make money. I, even (no one) can predict when will the stock rise or reach the price targets. But, don't sell in a loss.
Q: When and what price to buy?
A: Entry price is Rs 415.05. Well, I generally place a buy-stop orders above candle's high. There is always a resistance (sellers) above the high of any candle. So, logic is that, buyers have to be more powerful to move any stock above the highs. Hence, I will be joining strength and buying above highs.
Q: What if it doesn't execute?
A: Entry price won't be changed until I update it here. You can place GTT (Good Till Triggered) orders with your broker. Means, in a span of one year, whenever the stock reaches that price, you will be automatically buying it at a mentioned price.
Remember, I have a well planned investment method. Everything is pre-decided, when to buy, when to sell, how much shares to buy, capital allocation: Everything. So, kindly prepare yours. I share many stocks, from different sectors, different market caps, etc. So, it is your responsibility to select your favorite ones. Even if you're getting returns >12% annually, you should be very happy because you're beating the markets.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment carries an element of financial risk. Please do your analysis and/or consult your financial advisor before investing. I already have some shares and will add more if I get another opportunity.