Investment_ Wipro

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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.
액티브 트레이드
코멘트
There is a bullish divergence on the chart and fundamentals. In charts price is falling but in fundamentals, it's EPS is increasing since the last 3 years.
코멘트
The stock once fell 92% during the "dotcom bubble". It has once witnessed 70% fall (from swing weekly highs to low) during 2008-09 financial crisis. It holds strength at current prices and might fall to Rs 302 prices as well. According to my analysis, holding it is a good idea.
코멘트
All the IT companies declared the results. Following are the companies ranked from good to worst based on latest quarterly earnings. LTI Mindtree(11.32% increase in profits)- TCS- Wipro- HCL Tech- Infosys- Tech Mahindra (-13.88% fall in profits). Meaning, the fundamental side of investors might sell weak companies and buy strong companies.
코멘트
I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.
코멘트
I sold Wipro at Rs 406. But, Rs 470 was more ideal price to sell.
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