EquityPandit’s Outlook for Wipro for the week  (Mar 05, 2019 – Mar 08, 2019) : 

WIPRO:

Wipro closed the week on negative note losing around 0.80%.

As we have mentioned last week, that support for the stock lies in the zone of 360 to 365 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 350 to 355 where Fibonacci levels are lying. During the week the stock manages to hit a low of 365 and close the week around the levels of 376.

Support for the stock lies in the zone of 360 to 365 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 350 to 355 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 375 to 380 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 385 to 390 where high for the month of February-2019 is lying.

Broad range for the stock in the coming week is seen between 350 to 355 on downside & 395 to 400 on upside.