Technical Analysis Wipro Limited.

The stock $WIPRO is daily chart from late 2024 to mid-2026 the overall trend has been heavily bearish. The stock saw a massive breakdown from the 270–280 levels earlier in the year and fell sharply. However recent price action shows that the aggressive selling has paused and the stock is now in a consolidation or base-building phase. The volume bars at the bottom there are significant volume spikes right around the times the stock hit its lowest points near the 190 support. The most important observation on this chart is the strong base formed around the 190 to 195 zone. Over the last few months March to May every time the price dropped to this level buyers stepped in and pushed it back up. This 190 level is currently your strongest support. As long as the stock stays above 190 the immediate downside risk is limited. Currently the stock is trading near 209.84 and showing a short-term pullback. However it faces immediate resistance in the 215 to 220 zone. You can see previous structural breakdowns near these levels. For the stock to officially reverse its long-term downtrend and become bullish it needs to break out and sustain above 220 on a daily closing basis. For short-term buyers the best approach is to accumulate shares near the strong support of 190–195 with a strict stop-loss below 190 or wait for a high-volume breakout above 220. For existing holders it is advisable to patiently hold the stock at current levels as the heavy selling pressure has paused and a clear accumulation base is forming near the bottom. However holders must monitor the critical 190 mark closely as sustaining below it would break the current support structure and signal a fresh wave of weakness.