Market insights
Wipro limited Buy 253-255
SL 250
Target 270-285
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DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
Wipro: Breakout & Boom!This is the daily timeframe chart of Wipro.
Wipro has been forming a falling wedge pattern, and the stock has given a breakout near the ₹250 level.
The breakout has also occurred above the long-term support zone of ₹225–₹240, which strengthens the bullish structure.
If this momentum continues, then any dips from the current levels may offer strong risk-reward opportunities and potentially lead to a bigger rally.
In the shorter timeframe, the potential upside target for Wipro stands near the ₹280 level..
Thank you.
WIPRO FALLING WEDGE CHART PATTERN BREAKOUT [ BUY SIDE ]The latest price chart highlights a Falling Wedge pattern, a classic bullish formation that often signals the downtrend is losing strength and a breakout to the upside could be near. The stock has been consolidating within the wedge, and a breakout above the resistance line could confirm a strong upward move.
WIPRO 1D Time frame📊 Wipro Daily Snapshot
Current Price: ₹256.50
Change: Up 2.97% from the previous close
Volume: 804,499 shares traded, significantly higher than the 50-day average of 369,496
MarketWatch
🔎 Key Levels
Resistance: ₹253.70 (short-term)
Support: ₹239.55 (short-term)
52-Week High: ₹324.55 (January 23, 2025)
52-Week Low: ₹239.55 (recent support level)
📈 Technical Indicators
RSI (14): Approximately 75 — indicates overbought conditions
MACD: Positive — suggests upward momentum
Moving Averages: Trading above 5-day (₹255.97), 50-day (₹248.47), and 200-day (₹247.12) SMAs — bullish trend
Stochastic Oscillator: Indicates overbought conditions
ADX: Approximately 17.49 — suggests a weak trend strength
Top Stock Research
📌 Market Sentiment
Catalysts: Positive market sentiment, with Wipro outperforming key competitors like HCL Technologies and Tata Consultancy Services in recent sessions
MarketWatch
Sector Performance: IT sector showing strength, with Wipro leading gains among peers
📅 Outlook
Bullish Scenario: Sustained trading above ₹253.70 could lead to a push toward ₹277.65 (long-term resistance)
Bearish Scenario: A drop below ₹239.55 may test support around ₹234.20 (mid-term support)
WIPROWIPRO- Weak structure
Market Cap
₹ 2,50,596 Cr.
Current Price
₹ 239
High / Low
₹ 325 / 225
Stock P/E
18.6
Book Value
₹ 79.1
Dividend Yield
2.51 %
ROCE
19.5 %
ROE
16.6 %
Face Value
₹ 2.00
Price to book value
3.02
Intrinsic Value
₹ 141
PEG Ratio
8.13
Price to Sales
2.81
Debt
₹ 19,204 Cr.
Debt to equity
0.23
Int Coverage
12.8
Reserves
₹ 80,736 Cr.
Promoter holding
72.7 %
Pledged percentage
0.00 %
EPS last year
₹ 12.5
Net CF
₹ 2,502 Cr.
Price to Cash Flow
14.8
Free Cash Flow
₹ 15,651 Cr.
OPM last year
20.2 %
Return on assets
10.8 %
Industry PE
28.0
Sales growth
0.41 %
Wipro at Resistance, Long, 1DWipro has shown huge volume traded today however it has not broken a resistance which is at 272. If it breaks 272 with Bullish candlestick patterns like Bullish Engulfing, Hammer & Inverted Hammer, Piercing Line, Morning Star, Three White Soldiers, Tweezer Bottoms or Bullish Harami, then enter at 272 with small targets of 280 and 290.
Entry: 272 (only at Bullish candlestick pattern)
Target1: 280
Target2: 290
WIPRO & the Squiggle Prophecy Drew this green curve a year ago just for vibes… and WIPRO said “bet.”
Now it’s casually forming a monstrous cup, heading toward the ₹320 neckline.
If that breaks, we might see ₹370+, and maaaybe ₹480-ish… ish. Idk. Don’t ask me. Ask the squiggle.
Hopefully the squiggle squiggle prophecy holds true and I make more money lmao 💸
📈 When price action meets prophecy.
WIPRO CAN STILL FACE SOME PRESSUREWIPRO LTD.
Wave Structure:
The chart depicts a well-defined Elliott Wave pattern, illustrating a completed five-wave impulse sequence succeeded by a classic ABC corrective phase.
Wave B retracement appears to be underway, with resistance anticipated around the ₹275–₹285 zone.
Support & Resistance:
Key resistance levels are established at ₹275–₹285, which historically coincided with selling pressure and reversal zones.
Major support zones are highlighted between ₹210–₹225, a region with repeated buying interest and robust price recovery in the past.
Technical Outlook:
The current price structure suggests continued corrective bias, with a probable move towards the lower support band (₹210–₹225), barring any decisive reversal above the key resistance.
Unless momentum breaks out above ₹285 with conviction, the base scenario remains cautious to bearish.
My analysis is anchored in classical price action and Elliott Wave theory to identify potential market inflection points.
Sentiment:
The prevailing market sentiment remains neutral to negative as the price fails to breach significant resistance and is trading below the Wave B peak.
A shift in momentum can only be confirmed if there is sustained price action above resistance with increased volume.
Disclaimer:
This analysis is strictly for educational and informational purposes, not intended as trading or investment advice.
Wipro AT Best Support Zone These are two daily timeframe charts of Wipro .
In the first chart : Wipro is trading within an ascending parallel channel, with the lower boundary positioned around the ₹251–₹254 zone.
Wipro has previously respected the Fibonacci golden zone, and the stock is once again approaching this key retracement area. A potential bounce from this zone is likely if the level is respected again around 254 near .
If this level is sustain , then we may see higher Prices in Wipro.
Thank You !!






















