Wipro Outlook for the Week (Sept 04,2020 – Sept 18,2020)

Weekly Support & & Resistance For WIPRO:.

If stock breaches minor assistance on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 259 and If stock breaches minor resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 304.

Stock closed the Weekly on positive note gaining +6.27%.

BSE: 507685

SUPPORT 1.
267.00.

Stock is trading above 200 days exponential moving average, recommends long term trend is bullish. EquityPandit anticipates variety for the Weekly as 310 on advantage and 250 on disadvantage.

For the Week: (Sept 04,2020– Sept 18,2020).

SECTOR: I.T.

Weekly High: 298.45.

Weekly Range: 26.95 Points.

Wipro Share Price: 293.30 (NSE).

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the downside lies at 267 levels, Minor resistance on the upside is capped around 298 levels.

RESISTANCE 1.
298.00.

.

ASSISTANCE 2.
259.00

RESISTANCE 2.
304.00.

Weekly Low: 271.50.

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