Wipro Outlook for the Week (Sept 21,2020 – Sept 25,2020)


For the Week: (Sept 21,2020 – Sept 25,2020)

4 WIPRO

BSE: 507685 | NSE: WIPRO | ISIN: INE075A01022 | SECTOR: I.T.

Stock closed the Weekly on positive note gaining +7.91%

Wipro Share Price: 316.50 (NSE)

Weekly High: 319.00

Weekly Low: 293.15

Weekly Range: 25.85 Points

Weekly Support & Resistance For WIPRO:

RESISTANCE 2 334.00
RESISTANCE 1 327.00
SUPPORT 1 303.00
SUPPORT 2 298.00

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 327 levels, Minor resistance on the upside is capped around 303 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 298 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 @ 334.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 350 on upside and 290 on downside.

IT Sector overall is in bullish mode and trend is likely to continue till nifty trades above 11200 levels. Stock may see further up moves in the coming week.