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Wipro teams with Zscaler to boost AI-driven cybersecurity salesWipro Ltd. ADR has announced a strategic partnership with the IT giant Zscaler, enhancing the reach of its newly launched Wipro Cyber X-Ray platform. This collaboration is expected to bolster Wipro's position in the cybersecurity market, targeting a broader customer base with advanced AI-powered solutions. The Wipro Cyber X-Ray platform employs artificial intelligence algorithms to enhance data protection tool management. Notably, it features a user-friendly cybersecurity monitoring and management dashboard designed to be intuitive even for non-professionals. The dashboard provides comprehensive insights into current risk levels, vulnerabilities, protection statuses, performance analyses, and potential consequences of cyberattacks, among other critical parameters. Exploring potential trading opportunities, let's review the technical analysis of Wipro Ltd. ADR (NYSE: WIT): On the Daily (D1) timeframe, Wipro's stock has established a resistance level at 5.70 USD and support at 5.15 USD. An initial uptrend is observable, suggesting potential for further price increases. If a downtrend initiates, a potential downside target could be 4.10 USD. If the current uptrend persists and the stock breaks through the resistance at 5.70 USD, a short-term target is 6.45 USD. For a medium-term investment strategy, the stock price might rise to 8.05 USD if the upward momentum continues. __ Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:WIT
by RoboMarkets
Wipro's Resilient Performance Signals Industry Rebound In a recent announcement of financial results for the quarter ending December 31, 2023, Wipro Limited showcased a robust performance, defying industry expectations and setting an optimistic tone for the IT services sector. The company reported several key highlights, indicating not only a resilient business model but also a strategic approach that positions it for future growth. Exceeding Expectations: Wipro's revenue from its IT services segment for the quarter reached the top end of its guidance, demonstrating the company's ability to navigate through a seasonally soft period. Despite challenges in the macroeconomic environment, the company reported a 16% operating margin in its IT services business, showcasing efficiency and operational excellence. Strategic Deal Wins: A significant contributor to Wipro's success was the $3.8 billion order booking, comprising 14 large deal wins. The strategic partnerships span various industries, showcasing the company's diversified capabilities. Noteworthy among these wins are collaborations with a US-based health insurance non-profit, a global technology leader, an American Retail Bank, and a Middle Eastern financial regulatory body. These deals underscore Wipro's global reach, technological prowess, and its commitment to providing end-to-end solutions. AI Integration and Innovation: Wipro's CEO and Managing Director, Thierry Delaporte, highlighted the integration of AI across the company's solutions and client offerings. Under the ai360 strategy, AI is now embedded internally across all business and functional areas, aligning with industry trends and positioning Wipro as a technology leader. This forward-looking approach reflects the company's commitment to capitalizing on emerging opportunities as the macro environment improves. Consulting Business Growth: A notable aspect of Wipro's performance was the double-digit growth in order bookings in its Capco business, indicating early signs of a return to growth in consulting services. The company's focus on people, processes, and business operations appears to be paying off, as evidenced by the positive momentum in its consulting business. Financial Rigor and Resilience: Aparna C. Iyer, Wipro's Chief Financial Officer, expressed satisfaction with the company's financial metrics, including revenue, margin, EPS, and cash flow. Despite revenue headwinds and investments for growth and people, Wipro sustained its margins at 16%, showcasing financial discipline and resilience. Industry Insights: Wipro's performance stands out in the context of the challenging macroeconomic environment faced by the IT services industry, particularly in the United States and Europe. While competitors grapple with sluggish demand and reduced discretionary tech spending, Wipro's results offer a ray of hope and suggest potential stabilization in the industry. Outlook for Q1 2024: Looking ahead, Wipro ( NYSE:WIT ) expects its IT services revenue for the quarter ending March 31, 2024, to range between $2.62 billion and $2.67 billion in constant currency terms. This guidance, coupled with the company's track record of exceeding expectations, positions Wipro as a key player to watch in the coming months. In conclusion, Wipro's recent financial results and strategic wins signal a company on the ascent, weathering challenges with resilience and innovation. As the industry looks for signs of recovery, Wipro's performance provides a compelling case for cautious optimism and a potential turning point for the IT services sector.
NYSE:WITLong
by DEXWireNews
1
$WIT Poised for Continual GrowthAn approximate horizontal trend channel in the medium long term is broken up. Continued strong development is indicated, and the stock now meets support on possible reactions down towards the trend lines. The price has also broken the resistance at 5.34 of a rectangle pattern, which signals a further rise. The stock has broken up through resistance at dollar 5.30. This predicts a further rise. NYSE:WIT stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise.
NYSE:WITLong
by DEXWireNews
USOIL (WTI): Trading Plan & Top Down Analysis hey traders, a lot of followers have asked about my thoughts on WTI and when can we expect a pullback after a selling rally. currently, I still have a short trade active from 63.0 level BUT the market has finally reached first strong structure support and analyzing a price action it looks like indeed selling volumes are weakening. on a weekly and on a daily you can see a very peculiar conjunction of vertical and horizontal support. on 1h the price started coiling within a falling channel. for us, a bullish breakout of it will signify a change in sentiment so it will be a perfect confirmation to long the market. target levels will be 59.75 / 61.0 stop stictly below the channels last L.L *remember, this is not a call to action trade. I give you my plan on execution. Let the conditions to be met before trading!
FX:USOILLong
by VasilyTrader
1
Top and Bottom " USOIL " by ThinkingAntsOkUse this as an idea to develop your own setup and find the major zones on the chart. Main items we see on the 4HS chart: a)The main structure was a Descending Channel that has been broken. b)Currently, we can see a big structure maybe a Flag Pattern. c)Using Wykoff law of Cause and Effect, the impulsive way that will come after the breakout of this structure will be proportional at least, to the size of the range. d)To take long setups on this trade we will wait for the first breakout of the structure, after that we will go to a lower timeframe like 1H or 30 Min, to look for a pullback with a small formation, our idea will be to trade that breakout of the mentioned formation. Weekly Vision: Daily Vision:
TVC:USOILLong
by ThinkingAntsOk
Oil's Continued RiseCrude Oil has been performing well over the 2016; and it seems like the rise will continue. Eyes are on $55 for the 1st target; just under $60 for target 2; and just under $70 for target 3. The wave has printed some nice supports and it seems like it has been unaffected by the recent strength of the dollar. We're either correcting from the last huge downward move (from $110) which is hoping to hit the 0.5 fib at ~$70 ; or we're starting an impulsive wave. Regardless, it seems like the risk reward is good enough to safely long here. Happy trading!
TVC:USOILLong
by kjmb1
2
Back on the beach. Big Hooley on the horizon. With most dudes wanting...no needing a higher price, all the Hodads are working overtime to help the cause. But the smell is bad, there could be a red tide coming. Just be careful of this current set. Looks like a Teahupoo too me. Not for the paddlepuss on foam, big board conditions. How many working dudes need oil higher to keep their job? How many business dudes need oil higher to save the shack? How many government turds need oil higher to keep their Throne?? How many Lotto players are beating long on the next scratch card? But our diet keeps going down. Some are on a cleaner & healthier trend, substituting the oily stuff with green stuff.... but most are just running out of coin to buy it or use it. Even if the tank is full, there is no need to cruse to the Sugar Shack if you can't afford the Sunshine Special. All of these dudes are trying to push the rope, but the homies can't buy that many tacos to boost the price of grease or flower. Too many brother's need a dime. I do not see these high waterlines holding for long, unless a one of the self-proclaimed great Lord's has a warrior fly too close to sun and start a war. The Saudi King still controls the game for now. But the Russian bear can only hold its power & honey pot if the price goes up... Otherwise that forest will be on fire. The Panda has it's on game to play.. but it rules it's forest easier. A few thousand years of eating bamboo will do that. As for those Canadian woods... Will be used to push the agenda, but real impact will be minimal and could a trigger to put in the short. Hell I suspect Smoky is way long,... Hmm if so, who could have dropped the blunt that started this blaze? Krümel is back for a walkabout and watching the horizon..there is a big short ride is out there. Last set paid for my Rancho. This one could pay for my Woody. Be safe..
FX:USOIL
by BigEz