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Stock analysis Wipro Limited WIPRO

More indepth analysis on MunafaSutra.com

Moving Averages for Wipro Limited

  • 5Day Average: 462.11
  • 12Day Average: 460.45
  • 20Day Average: 469.15
  • 50Day Average: 496.47
  • 100Day Average: 478.86
  • 150Day Average: 452.27
  • 200Day Average: 442.75

WIPRO Indicators & signals

Indicator MACD (12,26,9)

463.97, 473.38, -10.46
Indicator MACD is in negative zone

Indicator ADX (14)

12.91, 20.51, 26.59
Indicator ADX is indicating that momentum is weak.
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
29 Mon Apr 2024 462.95 461.60 to 468.00 -0.36% 0.46 times
26 Fri Apr 2024 464.60 461.60 to 475.80 0.78% 1.36 times
25 Thu Apr 2024 461.00 455.80 to 462.55 0.24% 0.75 times
24 Wed Apr 2024 459.90 458.60 to 464.65 -0.48% 0.38 times
23 Tue Apr 2024 462.10 460.20 to 466.80 0.02% 0.65 times
22 Mon Apr 2024 462.00 450.00 to 466.15 2.04% 1.2 times
19 Fri Apr 2024 452.75 437.00 to 453.90 1.89% 1.3 times
18 Thu Apr 2024 444.35 442.85 to 455.45 -0.89% 1.39 times
16 Tue Apr 2024 448.35 444.80 to 458.50 -2.39% 1.36 times
15 Mon Apr 2024 459.35 458.20 to 468.35 -2.42% 0.77 times
12 Fri Apr 2024 470.75 470.00 to 480.00 -1.37% 0.84 times
10 Wed Apr 2024 477.30 473.10 to 479.45 0.32% 0.68 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...

My analysis of Wipro Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 456.8 as stoploss in an intra day buy trade for a target of 469.56. However, stock will show a bearish move below 456.8.

More indepth analysis on MunafaSutra.com