Signals, Powered By EquityPandit
WIPRO Weekly Outlook and Analysis:
For the Week: (April 12,2021 – April 16,2021)
BSE: 507685 | NSE: WIPRO | ISIN: INE075A01022 | SECTOR: I.T.
Stock closed the Weekly on positive note gaining +8.09%
Wipro Share Price: 450.10 (NSE)
Weekly High: 451.35
Weekly Low: 416.20
Weekly Range: 35.15 Points
Weekly Support & Resistance For WIPRO:
| RESISTANCE 2 | 476 |
| RESISTANCE 1 | 457 |
| SUPPORT 1 | 370 |
| SUPPORT 2 | 347 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 370 levels, Minor resistance on the upside is capped around 457 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 347 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 476.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 500 on upside and 310 on downside.
Wipro has given Classical trendline breakout on the upside and upside on the stock looks possible as IT Index looks outperforming the Nifty 50 Index.
