EquityPandit’s Outlook for Wipro for the week (June 24, 2019 – June 28, 2019):
BSE: 507685 | NSE: WIPRO | ISIN: INE075A01022 | SECTOR: I.T.
Stock closed the week on negative note losing –4.40%
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 280 levels, Minor resistance on the upside is capped around 292 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 @ 270 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 @ 301
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 301 on upside and 270 on downside.