Wipro Trend direction..Good for long term investmentWipro 242 has given a symmetrical triangle pattern which is indecisive . Resistance at 249 ad support at 238. it may move any ways. Volume suggests bulls over bears.
Fundamentally it is trading at 10 Years of P/E which is good for long term investment. Additionally FII's have the highest stake in
Key facts today
Wipro Ltd. experienced a decline of 0.9% in trading, as reported in the latest updates on Asian equities in the US.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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0.13 USD
1.55 B USD
10.54 B USD
10.46 B
About WIPRO LTD
Sector
Industry
CEO
Srinivas Pallia
Website
Headquarters
Bengaluru
Founded
2003
FIGI
BBG000BDFT17
Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise Services, and Information Technology Products. The Information Technology Services segment provides digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.
IT Stock Wipro Ltd. trading near good SupportSince 2001, Wipro Ltd has been moving within a three-part divided parallel channel. The monthly chart highlights a major polarity zone, suggesting that the stock is currently near a significant support level. On the daily timeframe, Wipro is also forming a rising wedge pattern, with the price hoveri
we are waiitng for long on wipro at 200 level we can go long if we got entry @200 level in wipro
with stoploss of 170 level
buy side entry only @200 level
stoploss 170
1st target - 320
2nd target - 500+
note: do not entry on cmp because our stoploss will be bigger here and target will be small so we must have to wait for best entry on 200
WIPRO can be buy with a tight stop-loss. Ignore the news and focus on the chart. If the stop-loss hits, no worries, we just have to follow the plan and try again.
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be r
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