WIPRO! SHORT!!

Wipro Ltd is a global leader in Information Technology (IT), consulting, and Business Process Services (BPS). It ranks as the fourth largest Indian player in the global IT services industry, following TCS, Infosys, and HCL Technologies.

Sales Growth: Over the past five years, Wipro has experienced a relatively poor sales growth of 8.75%.

Dividend Payout: The company has maintained a low dividend payout ratio of 12.2% of profits over the last three years.

Technical Analysis:

Bearish Engulfing Candlestick Pattern: A bearish engulfing pattern formed at the top in Weekly Timeframe, indicating a potential reversal in the stock's down trend.

Entry : @ 300 to 305 Range for shorting
Stop Loss : 315
Target : 285 to 275 ++

Strategy: One can take 300 PE FEB month Expiry or Short the Future.

Let me know what you think about this analysis.

Happy Trading!