EquityPandit’s Outlook for Wipro for the week  (Sep 25, 2017 – Sep 29, 2017) :

WIPRO:

Wipro closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 283 and close the week around the levels of 294.

Minor support for the stock lies in the zone of 289 to 291. 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 293 to 295. If the stock manages to close above these levels then the stock can move to the levels of 302 to 304.

Broad range for the stock in the coming week is seen between 282 to 284 on downside & 300 to 304 on upside.