Wipro Ltd (NSE: WIPRO) is currently showing relative strength in a volatile market environment. The stock has taken strong support from the 50 EMA, indicating the bulls are defending key levels.
The recent price action suggests a potential trend continuation pattern, especially since it is holding above the breakout zone.
🔍 RSI is supportive, maintaining above neutral levels — hinting at sustained momentum.
💼 Despite broader market volatility, Wipro’s price structure is stable, and the volume patterns also show participation near key levels.
⸻
🔍 Key Technical Levels:
• 📉 Immediate Support: 254
• 📈 Next Resistance: 266 / 308
• 🔄 Breakout Retest Zone: ~254-256
• ✅ RSI: Above 60 (Strength)
⸻
Analysis By Mayur Jayant Takalikar --For
LEARNING & OBSERVATIONAL USE ONLY.
⚠️ Disclaimer:
I am not a SEBI-registered advisor. This post is purely for educational purposes and should not be treated as financial advice. Please consult a SEBI-registered financial advisor before making any investment decisions.
The recent price action suggests a potential trend continuation pattern, especially since it is holding above the breakout zone.
🔍 RSI is supportive, maintaining above neutral levels — hinting at sustained momentum.
💼 Despite broader market volatility, Wipro’s price structure is stable, and the volume patterns also show participation near key levels.
⸻
🔍 Key Technical Levels:
• 📉 Immediate Support: 254
• 📈 Next Resistance: 266 / 308
• 🔄 Breakout Retest Zone: ~254-256
• ✅ RSI: Above 60 (Strength)
⸻
Analysis By Mayur Jayant Takalikar --For
LEARNING & OBSERVATIONAL USE ONLY.
⚠️ Disclaimer:
I am not a SEBI-registered advisor. This post is purely for educational purposes and should not be treated as financial advice. Please consult a SEBI-registered financial advisor before making any investment decisions.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.