Wipro's Steady Climb with Cautionary Signals
Topic Statement:
Wipro's recent strong quarterly performance has led to a significant surge in its stock price, indicating a potential bullish trend.
Key Points:
1. The company reported a robust 24.6% QoQ profit growth for the third quarter.
2. The stock is trading in an up-trending channel, making channel trading convenient.
3. A double top pattern has emerged, indicating potential resistance.
4. Buying at the lower end of the channel, near the 180-day moving average, offers an oversold entry point.
Wipro's recent strong quarterly performance has led to a significant surge in its stock price, indicating a potential bullish trend.
Key Points:
1. The company reported a robust 24.6% QoQ profit growth for the third quarter.
2. The stock is trading in an up-trending channel, making channel trading convenient.
3. A double top pattern has emerged, indicating potential resistance.
4. Buying at the lower end of the channel, near the 180-day moving average, offers an oversold entry point.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.