Wipro stock intraday forecast on December 24, 2024Wipro stock may experience intraday bearishness, with key support levels at ₹303 and ₹299.50 in the cash market. Real-time price fluctuations could cause variations, as gap movements are not factored into these levels.
This information is only for educational purposes.
Wiprosell
WIPRO--@Resistance??The stock is currently hovering close to its resistance zone, while a distinct demand zone is evident around the 400-level mark. Furthermore, there is confirmation from the trendline.
For a prudent trading approach, it is advisable to refrain from entering a short position until two conditions are met: first, a clear breach of the Demand zone, and second, a confirmation of the trendline breach. Until these two criteria are satisfied, it's more favorable to maintain a bullish stance and continue with buy-side strategies.