EquityPandit’s Outlook for Wipro for the week (April 29,2019 – May 03,2019):
BSE: 507685 | NSE: WIPRO | ISIN: INE075A01022 | SECTOR: I.T.
Stock closed the week on positive note gaining +3.35%
Week High: 295.25
Week Low: 284.80
Week Range: 10.45 Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 290- 288 levels, Minor resistance on the upside is capped around 305- 307 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 284- 285 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 314- 315
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 284- 285 on upside and on downside.