Wipro Limited is trading near ₹251 after witnessing a steep fall from the ₹320+ levels earlier this year, with the chart showing a clear downtrend since February 2025. The stock found strong support around ₹230–235 and has been attempting to recover, but the upside is capped near the ₹265–270 zone where multiple rejections are visible. Currently, the price is consolidating between ₹240–270, forming a sideways range. A breakout above ₹270 with strong volumes could indicate a trend reversal toward ₹290, while a breakdown below ₹235 may trigger fresh weakness toward ₹220. Until then, the stock remains in a consolidation phase with a cautious to neutral bias.