WIT NEWS why is Wipro Limited price falling or rising

WIT NEWS reasons for why stock price of Wipro Limited is falling or rising

WIT Wipro is falling or rising technical reasons

Technical analysis forecast for Wipro 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 WIT at this time. Stock is falling and might fall more.

It appears as if Wipro WIT gave a large move recently.

Stock of Wipro (WIT) 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...

Although my analysis for Wipro is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3.6, for a target of 3.7 or 3.79

WIT Wipro is falling or rising NEWS fundamental reasons

Wipro Q3 results preview: PAT may rise 12% YoY, but CC revenue seen weakest among peers Wipro is expected to report a 12% YoY rise in Q3 PAT, but constant currency revenue may decline by 1% QoQ due to softness in communications and manufacturing, and furlough impacts. Analysts project a revenue growth guidance of -1% to +1% CC QoQ for Q4 FY25 - NEWS as on 2025-01-16 indiatimes.com

More announcements and NEWS

WIT Wipro Limited current price & indicator signals

Moving Averages for Wipro Limited

  • 5Day Average: 3.44
  • 12Day Average: 3.48
  • 20Day Average: 3.54
  • 50Day Average: 5.22
  • 100Day Average: 5.83
  • 150Day Average: 5.92
  • 200Day Average: 5.8

WIT Indicators & signals

Indicator MACD (12,26,9)

3.53, 4.01, -0.58
Indicator MACD is in negative zone

Indicator ADX (14)

0, 53.85, 53.85
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 26
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of WIT Wipro Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
15 Wed Jan 2025 3.44 3.39 to 3.45 1.18% 1.19 times
14 Tue Jan 2025 3.40 3.39 to 3.45 -0.58% 0.78 times
13 Mon Jan 2025 3.42 3.37 to 3.42 0% 1.36 times
13 Mon Jan 2025 3.42 3.37 to 3.42 -2.84% 1.36 times
10 Fri Jan 2025 3.52 3.50 to 3.56 0.28% 1.23 times
08 Wed Jan 2025 3.51 3.45 to 3.52 0% 0.81 times
08 Wed Jan 2025 3.51 3.45 to 3.52 1.45% 0.81 times
07 Tue Jan 2025 3.46 3.44 to 3.52 -0.29% 1.13 times
06 Mon Jan 2025 3.47 3.46 to 3.52 -0.86% 1.06 times
03 Fri Jan 2025 3.50 3.43 to 3.50 -1.96% 0.81 times
02 Thu Jan 2025 3.57 3.55 to 3.60 0.85% 0.66 times
31 Tue Dec 2024 3.54 3.53 to 3.58 0% 0.58 times

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WIT NEWS why is Wipro Limited price falling or rising

 

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