Wipro breaks above the strong resistance

  • Wipro has been testing unseen highs soon after the Q3 earnings outcome and comfortably closed at new closing high of 351.75 on Jan 24,2019.
  • The stock just moved out of the 4-month long consolidation range of 300 – 345 levels and breaks above the strong resistance despite making several attempts in the past.

  • The stock rose nearly 5 percent in the last few trading sessions outshining along with some of its peers.
  • The average trading volume increased significantly, complementing the stock price action.
  • The stock is well placed above the 21-day moving average line.
  • The breakout from the strong resistance and no immediate resistance levels are suggesting the bigger move for the stock.
By | 2019-01-24T19:34:14+05:30 January 24th, 2019|Categories: Stocks to Buy|Tags: |0 Comments

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Wipro breaks above the strong resistance

Wipro breaks above the strong resistance Wipro has been testing unseen highs soon after the Q3 earnings outcome and comfortably closed at new closing high of 351.75 on Jan 24,2019. The stock just moved out of the 4-month long consolidation range of 300 – 345 levels and breaks above the strong resistance despite making several