Wipro a good low risk setup.

If IT were to join the potential group of sectors (Banks, Metals and Fin), which could lead the market further. Then Wipro can be a nice addition. Caution is still required. Market might rally for 2-3 days in FOMO. But still many sectors and stocks are structurally weak.

✅Trading above Key DMA
✅Breakout from consolidation.
✅IT sector showing early signs of reversal.

❗️IT sector is below 50 DMA.
❗️Many sectors are still below 50 DMA.
❗️Risk of market taking resistance at 50 DMA and
continuing downtrend.

Entry/Exit mentioned in the chart. Please study and consult your financial advisor before investing. Charts are shared only for educational purposes.