WIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long PositionWIPRO - Wipro Ltd. (45 minutes chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume & support structure integrity risk}
Risk/Reward ratio ~ 2
Current Market Price (CMP) ~ 254.4
Entry limit ~ 254 on May 16, 2025
1. Target limit ~ 258.5 (+1.77%; +4.5 points)
Key facts today
Wipro Ltd has launched a wholly owned subsidiary in China, Wipro (Tianjin), to provide software and IT services, according to a recent filing with Indian stock exchanges.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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0.13 USD
1.55 B USD
10.54 B USD
10.47 B
About WIPRO LTD
Sector
Industry
CEO
Srinivas Pallia
Website
Headquarters
Bengaluru
Founded
2003
FIGI
BBG000BDFT17
Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise Services, and Information Technology Products. The Information Technology Services segment provides digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.
Wipro Ltd view for Intraday 15th May #WIPRO Wipro Ltd view for Intraday 15th May #WIPRO
Resistance 255 Watching above 255 for upside momentum.
Support area 250 Below 250 ignoring upside momentum for intraday
Watching below 249 for downside movement...
Above 255 ignoring downside move for intraday
Charts for Educational purposes only.
Plea
Wipro Trend direction..Good for long term investmentWipro 242 has given a symmetrical triangle pattern which is indecisive . Resistance at 249 ad support at 238. it may move any ways. Volume suggests bulls over bears.
Fundamentally it is trading at 10 Years of P/E which is good for long term investment. Additionally FII's have the highest stake in
IT Stock Wipro Ltd. trading near good SupportSince 2001, Wipro Ltd has been moving within a three-part divided parallel channel. The monthly chart highlights a major polarity zone, suggesting that the stock is currently near a significant support level. On the daily timeframe, Wipro is also forming a rising wedge pattern, with the price hoveri
we are waiitng for long on wipro at 200 level we can go long if we got entry @200 level in wipro
with stoploss of 170 level
buy side entry only @200 level
stoploss 170
1st target - 320
2nd target - 500+
note: do not entry on cmp because our stoploss will be bigger here and target will be small so we must have to wait for best entry on 200
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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