wipro share price analysis 2013

WIPRO share price daily chart technical analysis

WIPRO share on last trading session closed at 477 with gains.on daily chart WIPRO share trend and momentum both strong bullish and continuously making higher highs.closed at week average level while on downside 469 is month average and 440 is 3 month average level.on upside 491 is strong resistance of top for short term view.

WIPRO share daily chart indicators still holding bullish divergences.

from short term view,above 460 keep buy on dips view and keep target at 510 and then 536 on upside.

 

WIPRO share price weekly chart technical analysis

WIPRO share on weekly chart,showing gains for this week.here also WIPRO share trend and momentum strong bullish and trading at new medium term highs.

all major 6-12 and 24 month average levels are in 415-380 range and way down.on upside 500 top is only supply zone.indicators with bullish divergences but trading in overbought zone so keep trailing stoploss for investment.

here also same view,above 460 on sustainable basis expect target 502 which is almost achieved by 501 high and above that 544 will be next target in medium term view.

 

WIPRO share price monthly chart technical analysis

WIPRO share on monthly chart showing negative gains for this month.here also trend and momentum strong bullish and suggesting upcoming bull run for this share?

on downside,372 is 3 years average level and 340 is 5 years average level and both strong support from long term view.and also investment zone for investors on any major decline.

on monthly chart already crossed top of 2010 which was 470 and now heading towards 2003 top of 590 and then 2000 tops of 1100 and 3200 rupees.

WIPRO is best IT company and India’s one of the best blue chip company.must keep in portfolio and investment near major support zones.

my personal target is 480 which is achieved and now above this expect next target at 490 and then 700 in long term timeframe.above 370 keep buy on dips view and keep bullish view for this stock.

WIPRO share on historical chart showing all time high of 3253 in 2000 while all time low was in 2009 fall around 64 rupee level.those brought in 2009 fall getting 6-7 time appreciation in price!!

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Updated: 27/09/2013 — 6:42 AM

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Pramod Baviskar

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