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Stock analysis Wipro Limited WIPRO

More indepth analysis on MunafaSutra.com

Moving Averages for Wipro Limited

  • 5Day Average: 460.02
  • 12Day Average: 473.13
  • 20Day Average: 479.8
  • 50Day Average: 501.36
  • 100Day Average: 474.83
  • 150Day Average: 451.1
  • 200Day Average: 440.35

WIPRO Indicators & signals

Indicator MACD (12,26,9)

469.44, 482.15, -9.1
Indicator MACD is in negative zone

Indicator ADX (14)

52.94, 10.69, 34.74
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WIPRO Wipro Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Thu Apr 2024 444.35 442.85 to 455.45 -0.89% 1.54 times
16 Tue Apr 2024 448.35 444.80 to 458.50 -2.39% 1.5 times
15 Mon Apr 2024 459.35 458.20 to 468.35 -2.42% 0.85 times
12 Fri Apr 2024 470.75 470.00 to 480.00 -1.37% 0.92 times
10 Wed Apr 2024 477.30 473.10 to 479.45 0.32% 0.75 times
09 Tue Apr 2024 475.80 475.20 to 485.25 -0.85% 1.1 times
08 Mon Apr 2024 479.90 478.20 to 491.60 -1.06% 1.86 times
05 Fri Apr 2024 485.05 482.55 to 487.15 -0.48% 0.45 times
04 Thu Apr 2024 487.40 479.60 to 491.95 0.87% 1.12 times
03 Wed Apr 2024 483.20 475.95 to 487.70 0.42% 0.96 times
02 Tue Apr 2024 481.20 479.60 to 482.70 -0.77% 0.48 times
01 Mon Apr 2024 484.95 481.55 to 486.40 1.01% 0.42 times

Technical analysis forecast for Wipro Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Wipro Limited WIPRO at this time. Stock is falling and might fall more.

It appears as if Wipro Limited WIPRO gave a large move recently.

Stock of Wipro Limited (WIPRO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Wipro Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 444, for a target of 462.5 or 477.99

More indepth analysis on MunafaSutra.com