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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.