WIPRO 1 Day Time Frame 📈 Current Price & Trend
Price: ₹250.50
Day's Range: ₹246.26 – ₹250.63
Previous Close: ₹246.20
Change: +1.62%
🔍 Technical Indicators
RSI (14): 78.90 (Overbought)
MACD: 1.86 (Bullish)
ADX: 46.59 (Strong Trend)
CCI (14): 237.19 (Overbought)
Moving Averages: All major MAs (5, 10, 20, 50, 100, 200) are in a "Strong Buy" position
📊 Key Levels
Support: ₹242, ₹240, ₹230
Resistance: ₹255, ₹260, ₹265
52-Week High: ₹324.60 (July 2, 2025)
✅ Outlook
The technical indicators suggest a strong bullish momentum. However, with the RSI indicating overbought conditions, a short-term pullback could occur. A sustained move above ₹255 could target ₹265–₹270 in the short term
WIPRO FUTURES
No trades
Market insights
Wipro - Balance - Look below and accelerate ?Wipro: We have seen strong Demand Imbalance causing good bull Run.. but "Shortening of Demand thrust" indicates a small Reversal or correction.
Big correction is due as per Elliott analysis.
Trade Facilitation to the upside is good, so far.. but it has to breakout from the current balance, if not - Look below and fail, or Look below and accelerate..
Hence Neutral trades are good.
Why Wipro may be headed up to new highsWipro seems to have completed a W-X-Y correction at its recent lows. Note that X wave is a triangle which is clearly evident. The subsequent upmove can be charted out as an 1-2 with waves 3-4-5 still awaited
A lot of the India IT stocks are headed up - see recent posts on Mindtree/TCS
















