Wipro Weekly AnalysisWipro is good on Long Side. It is a good time to enter in this stock. But this is for long term investments. The stock may give returns up to 44% returns.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:WIPRO
WIOA trade ideas
Wipro Ltd | A Strong IT Momentum StockWipro Ltd | A Strong IT Momentum Stock
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company
Financial: strong
Market Cap = 2,41,673 Cr. ROCE = 17.7 % ROE b= 15.9 %
Debt to equity = 0.26 Promoter holding =72.9 % Quick ratio = 2.28
Current ratio = 2.29 Piotroski score = 5.00 Profit Var 3Yrs= 5.30 %
Sales growth 3Years = 14.0 % Return on assets = 10.1 %
you Can see clearly rounding bottom create and good consolidation already done since 2 years.
stock is at good price. also feb retracement is also support in level.
moreover all IT sector is ready become rocket bcz USA market is also in positive trend.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Wipro UpdateWipro gave a positive closing today strengthening the up move.
two visible pattern formation on charts. Lower blue Trend line showing formation of a good Reverse Head shoulder with a short-term target of 610 level.
upper blue trend line Make a Gorgeous cup and handle pattern with a slightly long term target of 735 levels or further up to make new all time highs.
This is not an investment recommendation, kindly do own research before investing.
Thank You.
WIPRO: Ready to climb up to 695/- levels shortly and beyondWIPRO has been consistently forming same pattern repeatedly and climbing up. Now it is ready to climb up to 695 levels. Once it sustains above that level and convincingly breaches level 712, it will be amazing run for WIPRO! After testing patience, WIPRO is likely to become multibagger stock now!
This is for educational purpose only. do your analysis before investing!
Potential to give high return stock in few monthsNifty Hitting Peaks? Time to Set Your Sights on IT!
The Nifty's on fire, but don't get burned! Institutional investors are whispering sweet nothings to the undervalued IT sector, and with good reason.
Here's why the IT industry is your next hot trade:
Hidden Gems: Forget the overheated market. The IT sector is brimming with potential at bargain-basement prices.
Smart Money Backing: The big boys are already placing their bets. Don't miss out on the wave!
Tech Boom 2.0? The IT industry is poised for explosive growth. Get in on the ground floor and watch your profits soar!
Wipro Limited to Announce Results for the first quarter ended
Note: I am not a SEBI registered Alien . This is for educational purpose only.
#ITStocks #Undervalued #Nifty
Note: I am not a SEBI registered Alien . This is for educational purpose only.
Triangle Breakout seen in India's 4th largest IT Services StockHello everyone, i hope you all will be doing good in your trading and your life as well, i have brought a large cap IT sector stock which has given Triangle Pattern breakout, and price is still sustaining above the breakout area, in yesterday's session we have seen neckline breakout, and today's price has come to retest the breakout.. A high probability trade is waiting from here, all levels i have given on chart like entry exit and targets. IT sector moment is supporting now a day's. Specially Midcap IT is on fire, i will try to bring some midcap stocks as well, but for now focus on nifty 50 stock.
Technically stock is looking good on chart, MACD is also giving bullish crossover.
RSI also giving bullish crossover, price is above 200-DEMA. (I have not placed any indicator on chart, but i have done my analysis before to publishing the idea.)
Stock is good to go long for short term to long term as well, we all know how wipro helped their investor to make them Billionaires, who invested in early 80's.
So the stock is same, still it has charm to give returns like it does earlier, but you have to be patience in it.
Market Cap
₹ 2,56,398 Cr.
Current Price
₹ 490
High / Low
₹ 546 / 375
Stock P/E
23.2
Book Value
₹ 143
Dividend Yield
0.20 %
ROCE
17.2 %
ROE
14.5 %
Face Value
₹ 2.00
Industry PE
29.7
Debt
₹ 16,465 Cr.
EPS
₹ 21.1
Promoter holding
72.9 %
Intrinsic Value
₹ 243
Pledged percentage
0.00 %
EVEBITDA
13.6
Change in Prom Hold
-0.01 %
Profit Var 5Yrs
4.17 %
Sales growth 5Years
8.75 %
Return over 5years
11.6 %
Debt to equity
0.22
Net profit
₹ 11,112 Cr.
ROE 5Yr
17.3 %
Profit growth
-2.69 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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