Wipro... weekly chart analysis

2023년 2월 3일

After the high of 739.85 the stock corrected almost 50% with strong support at levels around 370-375.

Double bottom formation with stock price closing near the 40 weekly moving average.

The price crossing the 40 weekly moving average with good volume would be a positive sign.

Important levels to watch: 416 which is the neckline with initial targets of 427 and 450.

Might see some resistance at 450, beyond which 495-500 could be a possibility in the medium term.

Keep a strict stop loss at 5-8%. Also price falling below the support zone of 376 would trigger caution.

Note: Not a buy/sell recommendation. Do consult your investment advisor.

2023년 3월 16일

노트

Below 376