Wipro Outlook for the Week (Aug 03,2020 – Aug 07,2020)

SECTOR: I.T.

For the Week: (Aug 03,2020– Aug 07,2020).

Stock is trading below 200 days rapid moving average, recommends long term pattern is bearish. EquityPandit forecasts range for the week as 285 on benefit and 220 on downside.

SECTOR: I.T.

Wipro Share Price: 280.95 (NSE).

RESISTANCE 2.
303.00.

WIPRO Weekly Support & & Resistance Levels:.

Week High: 290.80.

Stock closed the week on positive note gaining +3.84%Getting

If stock breaches small support on the downside and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 254 and If stock breaches small resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 303.

Week Low: 267.15.

Stock closed the week on positive note acquiring +3.84%.

SUPPORT 1.
261.00.

Week Range: 23.65 Points?Technically on the everyday charts EquityPandits Analyst see: Minor support on the disadvantage lies at 261 levels, Minor resistance on the benefit is topped around 292 levels.

SUPPORT 2.
254.00.

On the chart we can see that, stock making greater high in weekly chart. stock remains in bullish uptrend and on the everyday time frame stock moving above 100 & & 200 EMAs, if stock hold its strength it can be reach on greater side.

RESISTANCE 1.
292.00.