July 20, 2016

Wipro Chart analysis after results

  • Wipro share price opened nearly 6% Down following its results announcement. But despite the volatility if one sees the Larger time frame the stock has not moved that much. Weekly chart shows stock still stuck in a 100 Point range.
  • Month chart shows price in consolidation. This consolidation is happening in a larger up trend. So mostly it resolves in favour of Bulls. But then its tough to predict the exact direction and timing of breakout.   

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