Wipro Share Price Today on
On the technical front, the stock is trading above the 50,100,300 days SMA & lower than the 5,10,20 day SMA. The stock will have support at 50,100,300 days SMA & face resistance at 5,10,20 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 533.65 |
10 | 536.87 |
20 | 535.92 |
50 | 522.54 |
100 | 508.15 |
300 | 496.12 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹533.72, ₹542.73, & ₹547.87, whereas it has key support levels at ₹519.57, ₹514.43, & ₹505.42.
Till 4 PM today, the volume traded on NSE & BSE for Wipro was 23.09% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, Following a strong uptrend, the stock is indicating signs of a reversal..
From a fundamental analysis perspective, the company has a ROE of 14.43%
The median 1-year forecasted upside in this share is at 2.65% with a target price of ₹511.00.
The company has a 72.82% promoter holding, 4.64% MF holding, & 7.12% FII holding as per filings in the june quarter.
The MF holding has increased from 4.60% in march to 4.64% in the june quarter.
The FII holding has increased from 6.96% in march to 7.12% in the june quarter.
Wipro share price down -1.23% today to trade at ₹524.9 while its peers are mixed. Its peers such as Zomato, Eclerx Services are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.07% & 0.18% each respectively.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
MoreLess