WIPRO

• Prices have broken out of its medium term consolidation phase where it was been capped below 420-450 zone.
  
• The MACD has given a bullish signal by going above trigger line.
  
• Monthly RSI has also bounced from Oversold level.
  
• Long Term Uptrend is expected to resume, wherein initially we can expect a test of previous all time high of 740.
  
• Bullish outlook remains intact as long as price is above 420.