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Wipro

Wipro Research24-07-2022 Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company. CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET Profit and Stock Price. Profit of the company fall 21% YoY Wipro is just spending on its marketing strategies for the upcoming Quarter and their Financial expenses were more than the last FY same Quarter end! Theirry Delaport states their clients' word while supporting Wipro's increased expenses- Technology is not a cost it's an investment, it's a way to transform to improve productivity. According to my Analysis and understanding, I think there is something big to hit at the upper level for Wipro from this point as it's below its intrinsic value and we see the economy recovering from the inflation so I believe this point would be the lowest for Wipro and it will show a very peculiar growth in Q2 as its already at the bottom of its potential in the stock market after looking at its Stochastics NSE:WIPRO
NSE:WIPRO
by SarthakPatwari
2
Swing Trade in WIPROSell WIPRO below 437.95 With The SL of 453.65, First Target Will be 419.60, 2nd Target will be 399.95 and 3rd Target will be 372.00. as we see Wipro is on crucial level it can be bounce up if it give gap up opening and go above 453.65 avoid it for some time and wait for breakdown of the given level of 437.95. if we see on weekly chart 419.60 and 399.95 is good support on weekly chart. it may be possible stock can go for test this level. one more Important thing Wipro is trading on Harmonic ABCD down side this is the place from where market needs to take a bounce but as we see on Weekly chart Wipro is continuously going down so we are looking good on down side. Swing Time 3 to 6 day Please Note : We are not SEBI Registered advisor, trade as per your own risk and reward. Thank You!!
NSE:WIPROShort
by Mr_Unaad
5