Wipro Ltd. Sector: Computers - Software: Buy

vahabsheikh Updated   
Wipro Ltd is a leading India based provider of IT Services, including Business Process Outsourcing (BPO) services, globally. Further, Wipro has other businesses such as IT Products, Consumer Care and Lighting and Infrastructure engineering.

CMP: 639.80
Target : 713-760

Wipro Ltd is now on critical support as well previous accumulation Zone. Now market retrace from critical support and fill vacuum phase. if critical support break it go for support 1 i.e. 587.
Used dip to buy and five time investment strategy for long term.

Reasons to Buy:
1) Price reaching for the previous accumulation level.
2) Fundamental reason for demand as the company will distribute dividends, Promotor holding 73% . as well Revenue 61934cr which is good to previous.
3) Best buy before 18th Jan 2022.
4) Vacuum phase or Gaps to fill above.

If you think information is useful please comment and follow for Daily Updates.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.

Trade active

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.