(WIT) Wipro complete technical analysis [charts+indicators] | Buy/Sell Wipro | (WIT) share price targets
Complete technical analysis of Wipro (WIT) by charts plus indicators, forecast predictions and share price targets for Wipro (WIT)
Wipro trades in USA in Technology sector.
10 day averaged volume of Wipro is 2324029
Date | Daily Closing Price | Open | High | Low | Volume |
28 Tue May 2024 | 5.37 | 5.41 | 5.42 | 5.36 | 0.999 times |
24 Fri May 2024 | 5.45 | 5.46 | 5.47 | 5.43 | 1.179 times |
23 Thu May 2024 | 5.46 | 5.49 | 5.50 | 5.44 | 1.202 times |
22 Wed May 2024 | 5.41 | 5.42 | 5.45 | 5.40 | 1.126 times |
21 Tue May 2024 | 5.40 | 5.43 | 5.44 | 5.37 | 1.008 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5.4, but if it comes above 5.4, then a intra day buy could be more profitable.
If you take a sell trade below 5.4, then use 5.4 as stoploss and 5.3 as target. However if you take a buy trade in stock , then use 5.4 as stoploss and 5.41 as target.
Share price targets for Wipro (WIT)
Target Type | Value |
Downside Target | 5.16 |
Downside Target | 5.31 |
Upside Target | 5.51 |
Upside Target | 5.61 |
Upside Target | 5.63 |
Upside Target | 5.82 |
Upside Target | 6.27 |
Upside Target | 6.39 |
Upside Target | 6.45 |
Intraday share price targets for Wipro (WIT)
Target Type | Value |
Downside Intraday Target | 5.35 |
Downside Intraday Target | 5.32 |
Upside Intraday Target | 5.41 |
Upside Intraday Target | 5.44 |
Upside Intraday Target | 5.38 |
Weekly technical analysis of Wipro (WIT)
Date | Weekly Closing Price | Open | High | Low | Volume |
28 Tue May 2024 | 5.37 | 5.41 | 5.42 | 5.36 | 0.175 times |
24 Fri May 2024 | 5.45 | 5.39 | 5.50 | 5.37 | 1.289 times |
17 Fri May 2024 | 5.39 | 5.34 | 5.49 | 5.34 | 1.202 times |
10 Fri May 2024 | 5.32 | 5.44 | 5.51 | 5.31 | 0.465 times |
03 Fri May 2024 | 5.40 | 5.47 | 5.51 | 5.35 | 0.965 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Wipro (WIT)
Date | Monthly Closing Price | Open | High | Low | Volume |
28 Tue May 2024 | 5.37 | 5.37 | 5.51 | 5.31 | 0.514 times |
30 Tue Apr 2024 | 5.39 | 5.76 | 5.82 | 5.16 | 1.959 times |
28 Thu Mar 2024 | 5.75 | 6.20 | 6.27 | 5.61 | 1.269 times |
29 Thu Feb 2024 | 6.19 | 5.66 | 6.45 | 5.63 | 0.491 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Wipro (WIT)
Indicator Name | Indicator Value | Indicator Signal |
ADX | 56, 56, 0 | Sell |
MACD | -0, -0 | Buy |
Stochastics | 52 | None |
CCI | -105 | Sell |
RSI | 48 | Sell |
OBV | -3764838 | Sell |
VWAP | 5 | Sell |
ADL | 0 | Sell |
ROC | 0 | Buy |
Force Index | 0 | Sell |
Price action analysis of Wipro ( (WIT) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Wipro ( (WIT) ) based on a short term time period is
Price action analysis of Wipro ( (WIT) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Wipro ( (WIT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Wipro stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Wipro in short term but the buy signal is initial and weak.
Wipro Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Wipro in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Wipro is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 5.42 and Wipro (WIT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Wipro (WIT) stock. Volume based technical analysis of Wipro (WIT) stock is negative.
Wipro Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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