WIPRO - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.1

Wipro Ltd. presents a strong setup for intraday trading today, supported by bullish momentum, elevated volume, and favorable price action. While valuation and PEG ratio suggest caution for long-term investors, the short-term indicators favor a momentum-based trade.

📊 Intraday Trade Analysis

✅ Bullish Indicators

MACD Positive (1.14): Indicates upward momentum.

RSI at 59.5: Bullish zone, nearing breakout territory.

Price Above 50-DMA (₹252) and Near 200-DMA (₹260): Suggests short-term strength with potential for continuation.

Volume Surge: Current volume (1.12 crore) is ~55% higher than 1-week average — strong intraday interest.

Strong ROCE (23.0%) & ROE (17.8%): Operational efficiency is excellent.

Quarterly PAT Growth: From ₹2,923 Cr to ₹3,696 Cr — a 26.4% increase.

DII Holding Increased: Domestic institutions showing confidence.

⚠️ Cautionary Factors

PEG Ratio (–5.55): Indicates poor growth relative to valuation.

Price Below 200-DMA (₹260): Long-term trend still under pressure.

FII Holding Decline: Slight foreign sentiment weakness.

🎯 Intraday Strategy

📌 Optimal Buy Price

Entry Zone: ₹255–₹257

Preferably on dips with volume >1 crore and RSI holding above 59.

💰 Profit-Taking Levels

Target 1: ₹261

Target 2: ₹265–₹267

If momentum sustains and price breaks above ₹261 with volume support.

🛡️ Stop-Loss

Exit Below: ₹250

A break below this level signals loss of intraday strength.

🕒 If Already Holding Today

📌 Exit Triggers

MACD Histogram Shrinks: Indicates fading momentum.

Volume Drops Below 90 lakh: Signals weakening interest.

Price Rejection at ₹261–₹265: If price fails to break this zone, consider exiting.

RSI Falls Below 57: Confirms momentum reversal.

Wipro is a solid candidate for intraday momentum play today. If you'd like to compare it with peers like Infosys or Tech Mahindra for rotational setups, I can help with that too.

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