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Wipro Limited Sponsored ADR

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Wipro teams with Zscaler to boost AI-driven cybersecurity salesWipro Ltd. ADR has announced a strategic partnership with the IT giant Zscaler, enhancing the reach of its newly launched Wipro Cyber X-Ray platform. This collaboration is expected to bolster Wipro's position in the cybersecurity market, targeting a broader customer base with advanced AI-powered solutions. The Wipro Cyber X-Ray platform employs artificial intelligence algorithms to enhance data protection tool management. Notably, it features a user-friendly cybersecurity monitoring and management dashboard designed to be intuitive even for non-professionals. The dashboard provides comprehensive insights into current risk levels, vulnerabilities, protection statuses, performance analyses, and potential consequences of cyberattacks, among other critical parameters. Exploring potential trading opportunities, let's review the technical analysis of Wipro Ltd. ADR (NYSE: WIT): On the Daily (D1) timeframe, Wipro's stock has established a resistance level at 5.70 USD and support at 5.15 USD. An initial uptrend is observable, suggesting potential for further price increases. If a downtrend initiates, a potential downside target could be 4.10 USD. If the current uptrend persists and the stock breaks through the resistance at 5.70 USD, a short-term target is 6.45 USD. For a medium-term investment strategy, the stock price might rise to 8.05 USD if the upward momentum continues. __ Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:WIT
by RoboMarkets
Wipro Limited (WIPRO) AnalysisThe chart provided is of Wipro Limited (WIPRO) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary: 1. Trend Analysis: - The stock experienced a strong uptrend from mid-2020 to late 2021, reaching a peak around 740. - Since then, it has been in a downtrend with intermittent periods of consolidation and minor recoveries. 2. Support and Resistance Levels: - Resistance: - 543.55 (61.8% Fibonacci retracement level). - 606.70 (previous high and key resistance). - 711.90 (1.618 Fibonacci extension level). - Support: - 439.85 (Recent low and significant support). 3. Fibonacci Retracement Levels: - The chart shows Fibonacci retracement levels from the recent high around 740 to the recent low at 439.85. - 50% level at 523.75. - 61.8% level at 543.55. 4. Chart Patterns: - There appears to be a descending triangle pattern forming, with lower highs and a horizontal support level around 440. - A breakout from this pattern, either upward or downward, will likely indicate the next major move for the stock. 5. Current Price Action: - The current price is 484.55. - The price has recently bounced off from near the 440 support level. - The price is approaching the descending trendline, which could act as resistance in the near term. 6. Moving Averages and Indicators: - The chart does not explicitly show moving averages or other indicators, but the trend lines, Fibonacci levels, and chart patterns provide key insights. Summary: The chart of Wipro Limited (WIPRO) shows that the stock has been in a downtrend since late 2021 after a significant rally. The stock found support around 440 and has recently bounced from this level. Key resistance levels to watch are around 523.75 (50% Fibonacci retracement) and 543.55 (61.8% Fibonacci retracement). The stock is currently testing the descending trendline resistance, and a breakout above this level could indicate a potential reversal. However, if it fails to break this resistance, the stock may continue to trade within the descending triangle pattern, with 440 being a critical support level.
NSE:WIPROLong
by The90sTraderOfficial
Wipro is ready to blast for 750 Targets !!Wipro Chart is Bullish after 20% correction Wipro is on Law of Polarity working from 2021 Stock has achieved the targets of LOP which was coming around 550 And stock has corrected exactly from there !! Now stock is around Law of Polarity and also Wipro is making Falling Broadning pattern in an uptrend which indicating Bullishness. Stock is still around the support area and looking lucrative. Thank You !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:WIPROLong
by FiveCircles
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