wipro share daily chart
wipro share on last trading session closed at 359.on daily chart we can see that wipro share trading below all short term average which means trend is down.
on upside in between 360-365 all 3 weekly,monthly and 3 monthly averages are.they will act as resistances now.
on daily chart wipro is trending in range where upper boundary is 390 while lower boundary is 345.new big move happen if share break this range till traders must buy near lower range and sell near upper range will be trading strategy.
on daily chart wipro is with weak momentum and in upcoming days may fall to previous lows of 340!!
wipro share pivot point chart
for month of nov 2012,wipro share pivot point is 353 above this share remain buy while below that become sell.currently share trending towards pivot and watch for breakout or reversal from support.
wipro share performance 2012 chart
on performance side ,wipro share lost 10% year to date in price while major indices like sensex and nifty trading with gains of 19-20% till date.means wipro share is clearly underperformer by almost 30%!!
wipro share short term analysis nov 2012
short term traders must watch 353 if breaks then target will be 340 or below.340 is lower boundary of range bound movement and on reversal signs buying must be done at that point.
from traders point share in range bound and best for range bounding trading with minimum risk exposure.
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