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NISM Certified Research Analyst & Mutual Fund Distributor.

Tuesday 14 July 2015

Wipro Ltd.



The counter started steady recovery after posting swing low around 512 levels. During recent past it posted swing high of 577.75 and witnessed pullback. However bears could not hold the prices lower and again the counter started its northward journey and captured its short term moving averages . The counter again has entered its resistance zone around 570 levels. With other technical indicators looking bullish it seems the counter is on the verge of commencing its short term uptrend. Traders can bet on the counter 565.4 SL 548 TGT 582-585.


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