WIPRO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed technical analysis of Wipro Ltd (WIPRO) based on the provided data and current market indicators

📊 Trend Overview

Current Price (₹252) is below both 50 DMA (₹260) and 200 DMA (₹265) — signaling short-term and long-term weakness.

52W Index at 26.9%: Trading near the lower end of its yearly range.

Trend Status: Reversing to bearish, with signs of ongoing downtrend.

📈 Momentum Indicators

RSI (39.8): Approaching oversold territory — indicates weak momentum and potential for a short-term bounce.

MACD (-1.53): Negative crossover — confirms bearish momentum.

Volume (1.32 Cr) is above 1-week average (93.8L) — suggests distribution pressure rather than accumulation.

📉 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 245 Recent base, psychological level

Support 2 225 52-week low, strong long-term support

Resistance 1 260 50 DMA, short-term ceiling

Resistance 2 265 200 DMA, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹240–₹248 (if RSI dips below 35 and volume stabilizes)

Exit Zone: ₹260–₹265 (watch for rejection near moving averages)

📌 Chart Pattern Insights

Bollinger Bands likely widening — indicating increased volatility.

No clear bullish reversal pattern; price action remains range-bound with downward bias.

MACD and RSI suggest oversold bounce possible, but trend remains weak.

🧠 Summary

Trend: Bearish and reversing

Momentum: Weak, with oversold signals

Volume: High — likely driven by selling

Suggested Action: Avoid aggressive entry. Watch for bounce near ₹240 with tight stop-loss. Exit near ₹265 unless breakout confirmed.

Want to compare Wipro’s setup with other IT majors like Infosys or TCS to spot relative strength?

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