Signals, Powered By EquityPandit
WIPRO Weekly Outlook and Analysis:
For the Week: (Jan 31, 2022 – Feb 04, 2022)
BSE: 507685 | NSE: WIPRO | ISIN: INE075A01022 | SECTOR: I.T.
Stock closed the Weekly on Negative Note Losing –8.74%
Wipro Share Price: 552.15
Weekly High: 605.50
Weekly Low: 537.20
Weekly Range: 68.30 Points
Weekly Support & Resistance For WIPRO:
| RESISTANCE 2 | 633 |
| RESISTANCE 1 | 592 |
| SUPPORT 1 | 524 |
| SUPPORT 2 | 496 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 524 levels, Minor resistance on the upside is capped around 592 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 @ 496 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 @ 633
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the Weekly as 633 on upside and 496 on downside.
