Wipro breakdownWipro 198 has slipped the support and confirmed by volume suggest technical target of 183.
Wipro Limited
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0.14 USD
1.49 B USD
10.48 B USD
10.48 B
About Wipro Limited
Sector
Industry
CEO
Srinivas Pallia
Website
Headquarters
Bengaluru
Founded
1945
IPO date
Oct 19, 2000
Identifiers
3
ISIN US97651M1099
Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise Services, and Information Technology Products. The Information Technology Services segment provides digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.
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Wipro ascending triangle Wipro 267 is showing ascending triangle pattern with resistance at 272 and support 261.
Wipro expected to test resistance before falling down to support.
Wipro all set to bounce back ?Wipro 204 is all set to bounce back to 232 as the underlying move suggest recovery pressure
We feel Short covering would push Wipro to this target
Wipro Analysis | Trading in Discount Zone📊 Wipro Analysis | Trading in Discount Zone
Wipro is currently trading in a weak structure and positioned inside a key demand/liquidity zone after a sustained downtrend.
📌 Key Observations:
• Price is in a discount zone (lower range)
• Equal lows formed — liquidity resting below
• Gap Imbalance (F
Long
NSE – NIFTY 750 | Wipro Limited | Structural CensusWipro experienced an explosive expansion during the late-1990s technology boom.
Following the peak around 2000, the stock transitioned into a prolonged structural consolidation characterised by repeated cyclical swings rather than sustained trend expansion.
The long-term structure can therefore be
Wipro Near Historic Support – Cup & Handle or Breakdown?On the weekly chart, Wipro looks like it formed a rounded base near 176 . This acts like the “cup” part of a possible cup-and-handle structure.
The drop from 324.60 has formed a declining neckline, with price currently moving inside a falling channel that resembles a handle-like structure.
Cur
Short
WIPRO | Gann Square of 9 – 45° Support Case Study | 28 Mar 2022This idea presents a historical intraday example of how the Gann Square of 9 can be used to identify logical support levels based on price–degree relationships.
On 28 March 2022, WIPRO Ltd initiated a downward move after forming its 0° reference point near ₹609.
📐 Gann Degree Structure
0° level
Short_WiproHi traders,
Currently Wipro trading Resistance zone around 272 with multiple rejections.
Short the futures and Buy PE of 250 strike and exit the trade once reaches the target 🎯.
Note:- Only for educational purpose.
Short
Wipro: A Classic Cup and Handle poised to deliver 20%NSE:WIPRO
On Higher Time Frames (W/M) its quite evident pattern - Cup and Handle.
Using chart structure and pivots, a reasonable trade setup exists.
CMP 267
Entry: 265-267
SL: 257
TGT - 20%
Its a positional trade. This will offer many churning opportunities in between. Trade prudently using
Long
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.
