WIPRO

Slips Into Weak Territory

looks bearish as the stock has faced a sharp rejection from higher levels, breaking below a key support zone around ₹247 with heavy volume, signalling strong selling pressure. The structure shows lower highs, momentum indicators remain weak, and volatility has expanded on the downside, suggesting distribution rather than accumulation. Unless Wipro reclaims the ₹250–252 range decisively, the stock may continue to drift lower toward the ₹235–230 zone, with any short-term bounce likely to face selling pressure.