Wipro Outlook for the Week (Aug 31,2020 – Sept 04,2020)

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Technically on the daily charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 261 levels, Minor resistance on the upside is topped around 292 levels.

For the Week: (Aug 31,2020– Sept 04,2020).

Stock closed the Weekly on unfavorable note losing -0.48%.

Weekly Range: 7.00 Points.

Weekly Low: 268.00.

Stock is trading above 200 days rapid moving average, recommends long term trend is bullish. EquityPandit anticipates variety for the Weekly as 305 on advantage and 250 on drawback.

SECTOR: I.T.

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On the chart we can see that, after making new high stock come down as stock dealing with selling pressure however stock remains in bullish uptrend and on the day-to-day timespan stock moving above 100 & & 200 EMAs, if stock hold its strength it can be reach on higher side

Wipro Share Price: 272.05 (NSE).

RESISTANCE 1.
292.00.

Weekly Support & & Resistance For WIPRO:.

RESISTANCE 2.
301.00.

SUPPORT 2.
254.00

SECTOR: I.T.

Stock closed the Weekly on negative note losing -0.48%.

Weekly High: 275.00.

If stock breaches small assistance on the disadvantage and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 254 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.

SUPPORT 1.
261.00.