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Peaceful-Weekend-Investing
Sep 19, 2020 3:02 AM

πŸ’Ž( NSE:Wipro) - Chart of the week Β Long

WIPRO LTDNSE

Description

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> 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

Comment

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Enjoy money rai - more than 2X

Comment

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Taking key support level on weekly chart

, will share the updated chart

disc: invested

Comment

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Holding key levels

disc: Invested

Trade closed manually

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Closing the Wipro trade
looking for other opportunity

disc: sold today

Comment

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looking back so far it okay decision to exit for now..
keeping in radar

disc: no holding
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