Wipro (WIPRO LTD) has broken out of a descending channel

15 thg 9, 2024

Wipro (WIPRO LTD) has broken out of a descending channel with strong volume, indicating a potential bullish reversal. The stock is trading above the 9-day EMA, and the RSI shows upward momentum, suggesting a favorable buying opportunity. Considering these factors, a buy can be recommended with a stop loss around ₹520 to safeguard against a possible pullback, while targeting higher levels based on the continuation of the current trend.