Signals, Powered By EquityPandit
WIPRO Weekly Outlook and Analysis:
For the Week: (Jan 17,2022 – Jan 21,2022)
BSE: 507685 | NSE: WIPRO | ISIN: INE075A01022 | SECTOR: I.T.
Stock closed the Weekly on Negative Note Losing 10.08%
Wipro Share Price: 639.80
Weekly High: 709
Weekly Low: 636.50
Weekly Range: 72.50 Points
Weekly Support & Resistance For WIPRO:
| RESISTANCE 2 | 734 |
| RESISTANCE 1 | 687 |
| SUPPORT 1 | 614 |
| SUPPORT 2 | 588 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 614 levels, Minor resistance on the upside is capped around 687 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 @ 588 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 @ 734
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 734 on upside and 688 on downside.
