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Technicals for Wipro Limited
By MusingTheNews
2025-10-17 21:02
Overall Technical outlook
Price Summary
Wipro Limited had a poor day at the stock market, and its shares sank -3.64%. Wipro Limited's stock opened at 250.0 on 2025-10-17, surged to 250.0, hit a low of 239.11, and closed up -3.64% at 240.9, with 43788324 shares traded. The stock's peak price over the last 52 weeks is 573.5, with the lowest being 234.15. Analysts predict that the future price will fluctuate between 200.0 and 320.0, with the mean expected price being approximately 262.0462.
Technicals
Support and Resistance: The price of 240.9 is supported at 235.75 and encounters resistance at 243.57. This suggests key levels where the price might find stability, with 235.75 providing a base and 243.57 acting as an upper boundary for WIPRO. Support/Resistance for WIPRO
Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Aroon chart for Wipro Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for Wipro Limited
Parabolic SAR: The PSAR continues its bullish outlook, reinforcing a crucial support level that may help sustain the current upward trend. This support suggests that the market is likely to continue climbing, with the bullish momentum remaining strong. Parabolic Stop and Reverse chart for Wipro Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Wipro Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for WIPRO, with no strong trend emerging. Tripple SMA chart for Wipro Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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