WIPRO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | WIPRO | Market Cap | 2,13,130 Cr. | Current Price | 203 ₹ | High / Low | 273 ₹ |
| Stock P/E | 17.6 | Book Value | 60.7 ₹ | Dividend Yield | 5.42 % | ROCE | 23.9 % |
| ROE | 19.2 % | Face Value | 2.00 ₹ | DMA 50 | 202 ₹ | DMA 200 | 227 ₹ |
| Chg in FII Hold | 0.10 % | Chg in DII Hold | -0.52 % | PAT Qtr | 3,037 Cr. | PAT Prev Qtr | 2,782 Cr. |
| RSI | 58.9 | MACD | -1.00 | Volume | 4,26,52,368 | Avg Vol 1Wk | 2,37,70,454 |
| Low price | 186 ₹ | High price | 273 ₹ | PEG Ratio | 1.80 | Debt to equity | 0.13 |
| 52w Index | 19.2 % | Qtr Profit Var | 3.91 % | EPS | 11.6 ₹ | Industry PE | 20.7 |
📊 Chart Patterns & Trend: WIPRO is trading above its 50 DMA (202 ₹) but below the 200 DMA (227 ₹), showing consolidation with mild bullish bias. Price action suggests sideways movement between 200–210 ₹ support and 225–230 ₹ resistance. Trend bias is neutral-to-positive.
📈 Moving Averages: Current price (203 ₹) is slightly above the 50 DMA but under the 200 DMA, signaling consolidation. Sustained trading above 210–215 ₹ could confirm bullish reversal.
⚖️ RSI: At 58.9, RSI is neutral-to-positive, suggesting balanced momentum with potential for upside.
📉 MACD: Slightly negative at -1.00, hinting at mild weakness but not strongly bearish.
📊 Bollinger Bands: Price is near the middle band, indicating consolidation. No clear breakout signal yet.
📦 Volume Trends: Current volume (4,26,52,368) is significantly higher than 1-week average (2,37,70,454), showing strong participation and institutional activity driving momentum.
🎯 Entry Zone: 200–205 ₹ (near support).
🚪 Exit Zone: 225–230 ₹ (near resistance and 200 DMA).
📌 Momentum Signal: Short-term consolidation with mild bullish undertone. A breakout above 227–230 ₹ could trigger fresh rally, while failure to hold 200 ₹ may lead to downside.
Positive
- ✅ Strong ROCE (23.9%) and ROE (19.2%) reflect efficient capital use.
- ✅ Dividend yield at 5.42% provides attractive income appeal.
- ✅ PAT improved from 2,782 Cr. to 3,037 Cr. quarter-on-quarter.
Limitation
- ⚠️ Current price below 200 DMA indicates medium-term weakness.
- ⚠️ PEG ratio (1.80) highlights moderately expensive growth prospects.
- ⚠️ EPS at 11.6 ₹ is modest compared to valuation.
Company Negative News
- 📉 DII holdings decreased by 0.52%, showing reduced domestic institutional confidence.
- 📉 Stock corrected from 52-week high (273 ₹) to current levels near 203 ₹.
Company Positive News
- 📈 FII holdings increased by 0.10%, reflecting foreign investor support.
- 📈 Quarterly profit variation at 3.91% highlights steady earnings growth.
Industry
- 🏭 Industry PE at 20.7 indicates sector is moderately valued compared to WIPRO’s lower P/E (17.6).
- 🏭 IT services sector outlook remains steady, supported by digital transformation and global demand.
Conclusion
🔎 WIPRO is in a consolidation phase with mild bullish bias. Entry near 200–205 ₹ offers favorable risk-reward, while resistance at 225–230 ₹ should be watched for exits. A breakout above 230 ₹ could trigger fresh upside momentum. Investors should monitor volume strength and institutional flows for confirmation of sustained rally.