WIPRO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | WIPRO | Market Cap | 2,53,795 Cr. | Current Price | 242 ₹ | High / Low | 324 ₹ |
| Stock P/E | 21.1 | Book Value | 61.5 ₹ | Dividend Yield | 4.55 % | ROCE | 23.0 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 252 ₹ | DMA 200 | 255 ₹ |
| Chg in FII Hold | -0.23 % | Chg in DII Hold | 0.52 % | PAT Qtr | 2,782 Cr. | PAT Prev Qtr | 2,614 Cr. |
| RSI | 41.0 | MACD | -6.21 | Volume | 2,26,14,353 | Avg Vol 1Wk | 1,47,84,032 |
| Low price | 225 ₹ | High price | 324 ₹ | PEG Ratio | -5.28 | Debt to equity | 0.12 |
| 52w Index | 17.0 % | Qtr Profit Var | -2.06 % | EPS | 11.5 ₹ | Industry PE | 23.9 |
📊 Chart Patterns & Trend: WIPRO is trading below both its 50 DMA (252 ₹) and 200 DMA (255 ₹), indicating short-term weakness. Price action suggests consolidation between 235–255 ₹, with strong support at 235–240 ₹ and resistance near 255–265 ₹. Trendlines show sideways movement with bearish undertone.
📈 Moving Averages: Current price (242 ₹) is below both 50 DMA and 200 DMA, signaling weakness. A sustained move above 255 ₹ is required for reversal confirmation.
📉 RSI: At 41.0, RSI is in neutral-to-weak territory, suggesting limited momentum and possible consolidation.
📉 MACD: Negative at -6.21, confirming bearish momentum in the short term.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential support around 235–240 ₹.
📊 Volume Trends: Current volume (2,26,14,353) is significantly above the 1-week average (1,47,84,032), showing strong participation but largely on the selling side.
🎯 Entry Zone: 235–240 ₹ (near support, risk-managed entry).
🎯 Exit Zone: 255–265 ₹ (resistance zone, profit booking advisable).
📌 Momentum Signal: Weak short-term momentum, consolidation phase with bearish undertone. A breakout above 265 ₹ is needed to confirm reversal toward 280–300 ₹.
Positive
- Strong ROCE (23.0%) and ROE (17.8%) highlight efficient capital use.
- Dividend yield of 4.55% provides attractive investor returns.
- Quarterly PAT growth from 2,614 Cr. to 2,782 Cr. shows resilience.
- DII holdings increased (+0.52%), reflecting domestic investor confidence.
Limitation
- Stock trading below both 50 DMA and 200 DMA shows technical weakness.
- PEG ratio of -5.28 indicates poor growth visibility.
- Quarterly profit variation (-2.06%) highlights margin pressure.
Company Negative News
- Decline in FII holdings (-0.23%) shows reduced foreign investor confidence.
Company Positive News
- Quarterly PAT growth highlights operational improvement.
- DII support increased, showing strong domestic institutional interest.
Industry
- Industry P/E at 23.9 indicates sector is moderately valued compared to the company’s lower valuation (21.1).
- 52-week index return of 17.0% shows steady sector performance.
Conclusion
⚖️ WIPRO is consolidating near support with weak momentum and bearish undertones. Entry near 235–240 ₹ offers limited risk, while exits should be considered around 255–265 ₹ unless strong reversal occurs. Fundamentally steady with attractive dividend yield, but technically cautious in the near term.