WIPRO trade ideas
Wipro Ltd.Wipro Ltd.
Personal Opinion
If you want better stock at a good price, then you have to dare to buy at the worst time.
1. Stock is nearly 40% down from its high.
2. There is fear of a global slowdown.
3. Favorable risk-reward ratio.
ABOUT
Wipro Ltd is a global Information technology, consulting, and business process services (BPS) company. It is 7th ranked in the world, and 4th largest Indian player in the global IT services industry behind TCS, Infosys, and HCL Technologies.
KEY POINTS
IT Services Segment (~97% of revenues)
The company's IT services offerings are organized through two global business lines:-
a. iDEAS - It includes the service lines domain and consulting applications and data engineering, R&D, and Wipro Digital.
b. iCORE - It includes the service lines cloud and infrastructure services (CIS), digital operations and platform (DO&P), and Cybersecurity and risk services (CRS).
IT Services Revenue Breakup FY21
Sector-Wise:-
BFSI - 31%
Consumer - 16%
Health - 14%
Energy, Natural Resources, and Utilities - 13%
Technology - 13%
Manufacturing - 8%
Communications - 5%
Strategic Market Units Wise:-
Americas - 60%
Europe - 26%
APMEA - 14%
Global Business Line Wise:-
iDEAS - 57%
iCORE - 43%
FUNDAMENTAL ANALYSIS.
Sector: IT - Software
Industry: Computers - Software - Large
1. Market Cap - ₹ 215,493 Cr.
2. Stock P/E - 19.1
3. Price to book value - 3.02
4. Debt to equity - 0.27
5. Free Cash Flow - ₹ 9,138 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning
Wipro India ; Study and forecast Wipro doesn't look good to buy at current level as it continued going down after some short covering .
As we can see wipro is again sending some alarming signal, After few short covering session it broken down the channel then sitting at head Nd shoulder which is yet to be confirmed.
If goes down below 380 in couple of days then it mY retest the strong buy zone between 360-370₹
Thanks 🙏🙏🙏🙏
Please follow me to showcase my skills in front of amazing audiance
Note - This is just an educational idea not any recommendations, Investors are advised to get in touch with their financial advisor before making any investment, YAHOOOO
WIPRO ShortWipro is continuously in downfall and holding the support of level 385.
Now, it created a pattern of " head and shoulder " we may see a good fall if it closes below the bottom of the previous low of the pattern.
The share faced rejection of 50DMA and closed below it again.
Fib Retracement - Putting the Fib from the Corona time low we came to know the level of 0.618 is at 383 and that's where Wipro had taken supports if that breaks we can shorts position.
Wipro Ltd. Sector: Computers - Software: Buy SWING TRADEWipro Ltd. : CMP 400
ABOUT THE COMPANY
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.
Analysis:
Wait for support level as per analysis, dip to buy best option for long term, Target 2 after breck out target 1 resistance. For Dip analysis and Learn Follow Us.
BUY: 371
TARFET: 422-472
Comment and Follow to free learn chart as well technical analysis