Wipro – Technical Analysis, Support and Resistance

The stock

remains in a short-term bearish trend on the 4-hour chart, with lower highs and lower lows since August. The stock recently declined toward ₹157–160 before showing a sharp recovery to ₹167.61 up 3.85% in the latest candle. This indicates buying interest near the recent low, but the broader downtrend is not yet reversed. The stock also remains below its 20-day and 50-day moving averages, indicating that recovery confirmation is needed. Support & Resistance: Immediate support is around ₹164–165, followed by ₹157–160. On the upside, ₹168–170 is the first resistance zone followed by ₹174–177. A sustained move above ₹170 could strengthen the recovery attempt. Short-Term Buyers & Holders View: Short-term participants can monitor whether Wipro sustains above ₹168–170 with strong volume. A breakout could open the way toward ₹174–177. If the stock falls below ₹164 weakness may return toward ₹157–160. Holders can watch whether the stock starts forming higher highs and higher lows.