WIPRO GOES LONGWIPRO could go long from this price range. Downside risk is very low while upside potential is very high. CMP is at 200 day MA and crucial Fib Retracement level. For 1-2 months timeframe, we could expect a ₹20 - ₹30 on the upside. If CMP goes below ₹380, exit positions and wait till ₹350.00 to make new entries.
For those who can hold for 6 months to 1 year time, take long and you'll see 30% - 40% returns easily.
