Wipro shares fell by -2.95% today
Business: Wipro share price today: As of 2:01 pm on September 18, Wipro shares were trading at Rs 535.4, down -2.95% from the previous close price. Sensex was trading at Rs 82,899.05, down -0.22%. The share price hit a high of £550.9 and a low of £532.95 on the day.
Technically, the stock is above short-term moving averages of 5, 10 and 20 days and long-term moving averages of 50, 100 and 300 days.
The SMA value of the stock is:
Daily Simple Moving Average
5,534.43
10,528.77
20,526.55
50,522.57
100,497.20
300,486.47
Traditional pivot level analysis shows that the major resistance levels of the stock in the daily time frame are ₹555.68, ₹559.22, ₹563.53 and major support levels are ₹547.83, ₹543.52 and ₹539.98.
Trading volume of Wipro on NSE and BSE at 2:00 pm today increased by 108.50% compared to the previous session. Trading volume and price are important indicators to check the trends. A positive price movement with high volume indicates continuation of the bullish trend, while a negative price movement with high volume may indicate further price decline.
Overall, the stock is currently in a strong bullish momentum, as per Mint’s technical analysis.
From a fundamental analysis point of view, the company’s ROE is 14.43%. The company’s current P/E ratio is 25.87x and P/E ratio is 3.70x.
The expected 1-year upside of the stock is 7.68% and the target price is Rs 494.28.
