Stock Analysis of Wipro

Price - 410.30 Dt. - 26-02-2021

The stock has made a descending chart pattern on the daily time frame. In the last trading session, the stock took the support of the support line. Stock is ready to break the triangle either in a downward or upward direction. If a stock starts falling in the trading session then it can be an indication that the stock may fall more. RSI is near the oversold zone, so chances are downtrend can be limited.
If you already have stock then keep an eye on the chart to sell if it becomes bearish. It will also be the opportunity to buy more in the dip.


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