How to decide Long Term Investment in WIPRO

2022年8月28日

This is how I decide whether is it the right time to invest or not in this stock

1. Price to Earning (PE) - One of the best indicator to quickly decide to whether we need to go in further analysis or not. Any Nifty50 stock if you get the PE average near 15 to 20 would be the ideal time to invest. Currently, PE has fallen from 32 (between Sep-21 to Dec-21) to 20. Would still wait and watch how it performs in next week.
2. AWAP - This is an excellent tool to know what is the current value of stock with respect to a reference Low in history. If you plot AWAP at low of COVID-19 in March-20 and low of 2008 Market crash you can say that best time to invest would be between 428 and 263. The highlighted box would be my target zone for investment in upcoming days.
3. Support and Resistance - If you observe carefully WIPRO is having its major support and resistance around the square of odd number series i.e. 1^2, 3^2, 5^2, 7^2, 9^2.... and so on. With this important observation my target would be to invest 40% around 19^2 support and further 60% around 17^2 support (if it breaks the low of 19^2 support, if not then 60% around 21^2).