Wipro – Reversal
WIPRO
Important Levels:
Support: 190 – 185
Resistance: 210 – 220
Structure: Oversold recovery attempt
Business:
Global IT consulting + outsourcing giant
Strong enterprise + cloud exposure
Undergoing operational restructuring
Earnings:
Growth weaker than peers
Margin pressure continues
Recovery sentiment improving gradually
Verdict:
👉 Turnaround + rebound setup
👉 Suitable only after strength confirmation
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