WIPRO - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.0
| Stock Code | WIPRO | Market Cap | 2,45,227 Cr. | Current Price | 234 ₹ | High / Low | 324 ₹ |
| Stock P/E | 20.4 | Book Value | 61.5 ₹ | Dividend Yield | 4.70 % | ROCE | 23.0 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 251 ₹ | DMA 200 | 254 ₹ |
| Chg in FII Hold | -0.23 % | Chg in DII Hold | 0.52 % | PAT Qtr | 2,782 Cr. | PAT Prev Qtr | 2,614 Cr. |
| RSI | 34.5 | MACD | -5.92 | Volume | 2,72,51,632 | Avg Vol 1Wk | 1,90,04,620 |
| Low price | 225 ₹ | High price | 324 ₹ | PEG Ratio | -5.10 | Debt to equity | 0.12 |
| 52w Index | 8.68 % | Qtr Profit Var | -2.06 % | EPS | 11.5 ₹ | Industry PE | 24.8 |
📊 Analysis: WIPRO is trading at ₹234, below both 50 DMA (₹251) and 200 DMA (₹254), indicating short-term weakness. RSI (34.5) is near oversold territory, suggesting potential for a rebound, but MACD (-5.92) remains negative, confirming bearish momentum. Intraday volume (2.72 Cr shares) is higher than the 1-week average (1.90 Cr), showing strong trader participation. Fundamentals are decent with ROCE (23.0%) and ROE (17.8%), but technicals remain weak, making intraday trades speculative.
💡 Optimal Buy Price: ₹230–₹234 if price consolidates near support.
🎯 Profit-Taking Exit Levels: ₹240–₹245 (short-term resistance zone).
🛡️ Stop-Loss Protection: ₹225 (below recent support).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above ₹238 or if RSI dips below 33 with weakening volume. Quick profit booking is advisable given bearish undertone.
✅ Positive
- Strong ROCE (23.0%) and ROE (17.8%) indicate efficient capital use.
- Dividend yield of 4.70% adds investor confidence.
- DII holdings increased (+0.52%), showing domestic support.
- Quarterly PAT improved slightly (₹2,782 Cr vs ₹2,614 Cr).
⚠️ Limitation
- Price trading below both 50 DMA and 200 DMA.
- RSI near oversold zone, risk of further downside.
- PEG ratio (-5.10) indicates weak growth prospects.
- Quarterly profit variation (-2.06%) shows earnings pressure.
📉 Company Negative News
- FII holdings reduced (-0.23%).
- MACD remains negative, signaling short-term weakness.
📈 Company Positive News
- DII holdings increased (+0.52%).
- EPS of ₹11.5 reflects a stable earnings base.
- Strong intraday volume compared to average, showing trader interest.
🏭 Industry
- Industry PE is 24.8, slightly higher than WIPRO’s P/E (20.4), suggesting fair valuation.
- IT services sector remains resilient but faces margin pressures.
🔎 Conclusion
WIPRO shows weak technicals for intraday trading today despite strong fundamentals and dividend yield. While oversold RSI may trigger a short-term bounce, risk-reward is unfavorable. Best suited for cautious scalps near support with tight stop-losses rather than aggressive intraday positions.