Price and trend forecast of WIPRO for Tomorrow, Weekly, Monthly
Wipro Limited
Symbol: NSE:WIPRO
ISIN: INE075A01022
562.00
As on 2024-11-19
WIPRO's Today's Performance
Wipro Limited started the day by opening at 556.00 today 2024-11-19. Its shares reached a high of 569.80 and dipped to a low of 554.70 in intraday. When the markets closed, WIPRO’s stock price settled at ₹562.00 per share. Also check out its key support and resistance levels.
WIPRO Buy/Sell Targets
Tomorrow, buy WIPRO when its price reaches ₹ 562.00 with a stop-loss order at ₹ 553.36. You can set the target price as ₹ 570.64 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of WIPRO for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for WIPRO
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 570 |
| Tomorrow Down Target 2 | 577 |
| Tomorrow Down Target 3 | 585 |
Important Levels for WIPRO
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 555 |
| Tomorrow Up Target 2 | 547 |
| Tomorrow Up Target 3 | 539 |
Based on where the stock opens tomorrow, if WIPRO opens on a positive note, our first target will be ₹570. If Target 1 is achieved, we will aim for Target 2 which is ₹577.
But if WIPRO falls below the average value of ₹562.17, you can enter a sell side position with target number 1 - ₹555 and second target - ₹547 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of WIPRO
Looking at WIPRO, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, WIPRO has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for WIPRO is moderate bearish.
Tomorrow's Volume based share price Forecast for WIPRO
WIPRO's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -18%.
Reversal detection for WIPRO
WIPRO may trend may continue to be bullish since stock is making higher highs and we can get target of ₹553 in morning tomorrow
| Target 1 tomorrow | 568 |
| Target 2 tomorrow | 571 |
| Target 3 tomorrow | 577 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with WIPRO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if WIPRO opens on a positive note, our first target will be ₹569.63. If Target 1 is achieved, we will aim for Target 2 which is ₹577.27.
But if WIPRO falls below the average value of ₹562.17, you can enter a sell side position with target number 1 - ₹554.53 and second target - ₹547.07
WIPRO's Weekly Targets
| 1st Up Target | 574.43 |
| 2nd Up Target | 586.87 |
| 1st Down Target | 544.93 |
| 2nd Down Target | 527.87 |
As the week for WIPRO ended on bearish sentiments, we can expect further continuation of this sentiment. WIPRO's initial target will be 574.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 544.93 in the upcoming week.
Weekly OHLC Values
| Open | 566.70 |
| High | 569.80 |
| Low | 540.30 |
| Close | 562.00 |
Week for WIPRO started with an open price of 566.70, and the close was at 562.00. WIPRO reached the highest of 569.80 and dipped lowest up to 540.30 last week. This indicates a bearish sentiment for the week.
WIPRO full month swing targets
| Monthly Up Target 1 | 603.93 |
| Monthly Up Target 2 | 616.37 |
| Monthly Down Target 1 | 515.43 |
| Monthly Down Target 2 | 468.87 |
Targets of ₹603.93 can be expected to be reached in the coming month. Once WIPRO achieved this target, we can aim for the next upside target of ₹616.37.
WIPRO if fails to hold upside, down targets of ₹515.43 and ₹468.87 can be achieved by end of this month.
For complete three weeks if WIPRO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as WIPRO
| Symbol | Name | Industry |
|---|---|---|
| TCS | Tata Consultancy Services Limited | Information Technology Services |
| INFY | Infosys Limited | Information Technology Services |
| CYIENTDLM | Cyient DLM Limited | Electronic Components |
| HCLTECH | HCL Technologies Limited | Information Technology Services |
| IDEAFORGE | ideaForge Technology Limited | Computer Hardware |
Summary
WIPRO is expected to reach the target of 569.63 in tomorrow's trading session.
After achieving the initial target in WIPRO, we will aim for higher targets of 577.27 tomorrow.
However, if WIPRO starts to trade below ₹562.17, then we will shift our focus to the sell side and aim for down targets of 554.53 and 547.07.