WIPRO - NEARING SUPPORT PRICE LEVEL

IN THE POSTS OF APRIL (14TH & 28TH) IT WAS INFERRED THAT THE PRICE WOULD COME DOWN TO 275.

INDEED IT WAS AND CAME DOWN FURTHER TO LOWER LEVEL OF 260.

NOW, IT IS NEARING THE SUPPORT AT 253.

IF THIS PRICE LEVEL ACTS AS NECK LINE, THEN EXPECT A BOUNCE BACK TO 280 IN THE COMING WEEKS.

MAY BE THE RESULTS DECLARED TODAY AND FUTURE PROJECTS MAY BE ACTING AS THE STIMULANT.

OTHERWISE THERE IS NO BUY SIGNAL ON THE CHART.