WIPRO - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a detailed technical analysis of Wipro Ltd (WIPRO)

📊 Trend Overview

Current Trend: WIPRO is in a mild uptrend, showing signs of strength after rebounding from its recent lows.

Price Action: Trading at ₹257, slightly above the 50-DMA (₹252) and just below the 200-DMA (₹260), indicating a potential breakout setup.

📈 Momentum Indicators

RSI (59.5): Approaching bullish territory, suggesting growing momentum but not yet overbought.

MACD (1.14): Positive crossover, indicating early bullish momentum.

Volume: Current volume (1.12 crore) is significantly higher than the 1-week average (72.6 lakh), showing strong participation and buying interest.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 252 Support

200-DMA 260 Resistance

Current Price 257 Between DMAs

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum but potential short-term resistance.

A breakout above ₹260–₹265 could trigger a rally toward ₹280+.

🧭 Support & Resistance Zones

Immediate Support: ₹250–₹252 zone

Major Support: ₹240–₹245 zone

Immediate Resistance: ₹260–₹265 zone

Major Resistance: ₹280–₹300, then ₹325 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹250–₹255 (on pullback with MACD support)

Exit Zone: ₹280–₹300 (first resistance), ₹325+ if momentum builds

🔍 Conclusion

WIPRO is currently trending upward with strengthening MACD and RSI signals. Price action near the 200-DMA suggests a potential breakout, especially with strong volume backing. A move above ₹260 with sustained volume could confirm trend continuation, while a pullback to ₹250–₹255 offers a favorable entry.

Let me know if you’d like to compare this with other IT majors like Infosys or TCS!

Edit in a page