For the Week: (Sept 07,2020– Sept 11,2020).
Weekly High: 287.85.
Weekly Low: 276.00.
If stock breaches small assistance on the drawback and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 254 and If stock breaches minor resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 301.
Stock is trading above 200 days rapid moving average, recommends long term trend is bullish. EquityPandit predicts range for the Weekly as 305 on upside and 250 on drawback.
Technically on the daily charts EquityPandits Analyst see: Minor assistance on the drawback lies at 261 levels, Minor resistance on the advantage is capped around 292 levels.
Stock closed the Weekly on positive note gaining +1.45%Acquiring
Development of Flag pattern has been visible on the stock and Flag is an extension pattern, in the coming week we may see the breakout of resistance levels and stock may touch its 52-weeks high again, In the coming weeks Rupee may likewise get deteriorate as dollar index is trading at essential assistance levels, emerging market currencies may get weaken giving strength to IT Stocks.
Wipro Share Price: 276.00 (NSE).
Weekly Support & & Resistance For WIPRO:.
Weekly Range: 11.85 Points.