Technical Analysis for WIT - Wipro Limited

Grade Last Price % Change Price Change
D 5.15 0.59% 0.03
WIT closed up 0.59 percent on Friday, May 31, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Lizard Bullish Bullish Day Trade Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
BB Squeeze Ended Range Expansion 0.00%
Gapped Up Strength 0.00%
Below Lower BB Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Signal Line Cross Bearish 0.59%
Expansion Breakdown Bearish Swing Setup 0.59%

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Profile

Wipro Limited Description

Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. The IT Services segment offers business and enterprise application, business collaboration and customer experience, enterprise architecture, business integration, enterprise security, testing, infrastructure, product engineering, and research and development services and solutions. This segment also offers advanced technologies services focusing on cloud, mobility, analytics, social, and smart sensor technologies; business process outsourcing services; and analytics and information management solutions. In addition, this segment offers consulting services for business transformation, process excellence, enterprise architecture consulting, customer relationship management, supply chain management, human capital management, governance, risk and compliance, and finance and accounting. It serves finance solutions; manufacturing and hi-tech; media and telecom; retail, consumer goods, transportation, and government; energy, natural resources, and utilities; and healthcare, and life sciences and services industries. The IT Products segment offers desktops, notebooks, net power servers, storage, and super computers; databases and server computing resource management software; data network products; enterprise application, data warehousing, and business intelligence software; backup and disaster recovery systems; and contact center infrastructure. It also provides firewalls, intrusion prevention systems, data leakage protection, and identity and access management; load balancers, WAN optimizers, and virtualization software; and video solutions. This segment serves small, medium, and large enterprises in government, defense, IT and ITeS, telecommunications, manufacturing, utilities, education, and financial services sectors, as well as individual users. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.


Classification

Sector: Technology
Industry: Information Technology Services
Keywords: Telecommunications Supply Chain Management Business Intelligence CRM Customer Relationship Management Natural Resources Information Management Business Process Outsourcing Backup Software Contact Center Firewall Resource Management Virtualization Disaster Recovery Enterprise Architecture Human Capital Management Business Process Outsourcing Services Information Management Solutions Access Management Center Infrastructure Recovery Systems Finance Solutions Business Intelligence Software Sensor Technologies Virtualization Software

Is WIT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.45
52 Week Low 4.4706
Average Volume 3,116,442
200-Day Moving Average 5.32
50-Day Moving Average 5.47
20-Day Moving Average 5.38
10-Day Moving Average 5.34
Average True Range 0.09
RSI (14) 31.97
ADX 22.35
+DI 16.57
-DI 41.56
Chandelier Exit (Long, 3 ATRs) 5.25
Chandelier Exit (Short, 3 ATRs) 5.35
Upper Bollinger Bands 5.57
Lower Bollinger Band 5.19
Percent B (%b) -0.09
BandWidth 7.16
MACD Line -0.07
MACD Signal Line -0.05
MACD Histogram -0.0202
Fundamentals Value
Market Cap 26.88 Billion
Num Shares 5.22 Billion
EPS 0.26
Price-to-Earnings (P/E) Ratio 19.81
Price-to-Sales 0.03
Price-to-Book 3.63
PEG Ratio 1.44
Dividend 1.00
Dividend Yield 19.42%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.27
Resistance 3 (R3) 5.26 5.22 5.25
Resistance 2 (R2) 5.22 5.19 5.22 5.24
Resistance 1 (R1) 5.18 5.17 5.19 5.19 5.24
Pivot Point 5.14 5.14 5.14 5.14 5.14
Support 1 (S1) 5.10 5.11 5.11 5.11 5.06
Support 2 (S2) 5.06 5.09 5.06 5.06
Support 3 (S3) 5.02 5.06 5.05
Support 4 (S4) 5.03