Wipro surges to all-time high

Wipro surges to all-time high

  • Wipro share prices were trading all time high and broken the structural resistance zone on 24th April. While the price action has continued to trade in a positive trajectory, despite weak market breadth. 
  • Even though the stock has witnessed a high-volume breakdown on 8th march, the stock has managed to filled the breakdown gap in a short span of time and it as resumed the primary trend.

  • High volume engulfing appeared on 16th April, but the stock has failed to sustained the seller’s strength as bulls were able to absorb the selling pressure with ease.
  • Strong support is seen around 250 level. On the indicator front, the stock is well placed above its 21-days moving average. Sector trend is also positive in recent days.

0 Comments

Submit a Comment

Your email address will not be published.

Article Info

Published Date: April 27, 2019
Author: Valarmurugan

Stock Market Training

3 days classroom training+ 30 days online practice. Here you can learn from basics to advance concept.

Intraday Scanner

We have best in-class intraday scanner which helps you in stock selection. 

Related Terms

Do you like Videos?

We got many concepts been explained in video format. You may like it!

An investment in knowledge pays the best interest.

— Benjamin Franklin

Feel Free to Ask Us

We wish to work more closely with our community. If you want us to share our insight on trading and investing, feel free to as us.

Do you wish to invest in stock market?

Stay Informed with EQSIS Tools and Services

Stock Market Training

3 days classroom training + 30 days online practice. Here you can learn from basics to advance concept.

Intraday Scanner

We have best in-class intraday scanner which helps you in stock selection.

Follow Us

You can joins us using your prefered social network