Technical Analysis for WIT - Wipro Limited

Grade Last Price % Change Price Change
grade A 4.24 0.71% 0.03
WIT closed down 1.86 percent on Friday, August 7, 2020, on 63 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up
Historical WIT trend table...

Date Alert Name Type % Chg
Overbought Stochastic Strength 0.71%
Gapped Down Weakness 0.71%
NR7 Range Contraction -1.17%
Overbought Stochastic Strength -1.17%
Wide Bands Range Expansion -0.47%
Overbought Stochastic Strength -0.47%
Golden Cross Bullish -0.93%
Pocket Pivot Bullish Swing Setup -0.93%
Wide Bands Range Expansion -0.93%
Overbought Stochastic Strength -0.93%

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Profile

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.
Energy Transportation Manufacturing Telecommunications Healthcare Information Technology Retail Supply Chain Management Business Intelligence CRM Customer Relationship Management Cnx Nifty Wan Computer Companies Oracle Cloud Information Management Solutions Bse Sensex Human Capital Management Access Management Software Ag 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 4.34
52 Week Low 2.52
Average Volume 1,212,693
200-Day Moving Average 3.50
50-Day Moving Average 3.58
20-Day Moving Average 4.00
10-Day Moving Average 4.21
Average True Range 0.10
ADX 54.17
+DI 40.21
-DI 11.31
Chandelier Exit (Long, 3 ATRs ) 4.03
Chandelier Exit (Short, 3 ATRs ) 3.58
Upper Bollinger Band 4.51
Lower Bollinger Band 3.49
Percent B (%b) 0.7
BandWidth 25.54
MACD Line 0.22
MACD Signal Line 0.22
MACD Histogram 0.0045
Fundamentals Value
Market Cap 20.4 Billion
Num Shares 4.85 Billion
EPS 0.28
Price-to-Earnings (P/E) Ratio 15.04
Price-to-Sales 2.93
Price-to-Book 2.85
PEG Ratio 2.39
Dividend 0.02
Dividend Yield 0.48%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.32
Resistance 3 (R3) 4.32 4.30 4.30
Resistance 2 (R2) 4.30 4.27 4.29 4.29
Resistance 1 (R1) 4.25 4.25 4.24 4.25 4.29
Pivot Point 4.23 4.23 4.22 4.22 4.23
Support 1 (S1) 4.18 4.20 4.17 4.18 4.13
Support 2 (S2) 4.16 4.18 4.15 4.13
Support 3 (S3) 4.11 4.16 4.12
Support 4 (S4) 4.11