EquityPandit’s Outlook for Wipro for the week  (Sep 18, 2017 – Sep 22, 2017) :

WIPRO:

Wipro closed the week on negative note losing around 4.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 300 to 302. If the stock manages to close above these levels then the stock can move to the levels of 308 to 310 where long term Fibonacci levels are lying. During the week the stock manages to hit a high of 303 and close the week around the levels of 286.

Support for the stock lies in the zone of 281 to 284 from where the stock broke out of June-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 272 to 274 from where the stock has opened gap up.

Resistance for the stock lies in the zone of 288 to 290. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295.

Broad range for the stock in the coming week is seen between 278 to 280 on downside & 292 to 294 on upside.