Current technical analysis for Wipro (WIPRO.NS) shows the stock is currently trading at ₹260.56, with a +0.37% change from the previous close. The stock is currently in a Uptrend.
AI-Powered Market Prediction
This prediction is generated using artificial intelligence that combines technical indicators with machine learning models.
Market Direction: BEARISH
AI Confidence Score: 78%
Intelligent analysis combining multiple data sources for Wipro.
Analysis Confidence Factors:
- RSI overbought (70.6)
- Price above upper Bollinger Band
- Uptrend confirmed
Market Assessment:
- Direction: BEARISH
- Action: Consider short positions or stay in cash
- Risk Level: Moderate
- Bullish Probability: 22%
- Bearish Probability: 78%
Price Targets:
- Target 1: ₹259.08
- Target 2: ₹257.61
- Stop Loss: ₹261.54
- Risk/Reward Ratio: 1:1.5
AI-Optimized Intraday Levels
These levels are calculated using artificial intelligence that analyzes historical patterns and market behavior.
AI Buy Zone
₹258.98 - ₹259.97
AI-suggested accumulation zone | Stop Loss: ₹258.20
AI Sell Zone
₹261.15 - ₹262.14
AI-suggested distribution zone | Stop Loss: ₹262.92
AI-Generated Pivot Levels
| Level | Price | AI Recommendation |
|---|---|---|
| R3 | ₹263.51 | Strong Sell (High probability reversal) |
| R2 | ₹262.53 | Sell / Book Profits |
| R1 | ₹261.54 | First Target / Partial Booking |
| Pivot | ₹260.56 | Decision Point |
| S1 | ₹259.58 | First Support / Buy on Dips |
| S2 | ₹258.59 | Strong Buy |
| S3 | ₹257.61 | Aggressive Buy (High probability bounce) |
Expected Market Movement
AI analysis indicates low volatility with expected movement of ±0.76%.
Position sizing recommendation: Can use larger positions due to low volatility.
Technical Overview
Current technical indicators show the following momentum signals:
- RSI (14): 70.64 - Currently overbought
- MACD: 0.0000 (Signal: 0.0000)
- Moving Averages: SMA-20: ₹250.70, EMA-20: ₹252.61
Support and Resistance Levels
Key price levels based on technical analysis:
Resistance Levels
- R1: ₹263.00 (0.9% away)
- R2: ₹531.54 (104.0% away)
- R3: ₹797.31 (206.0% away)
Support Levels
- S1: ₹250.62 (3.8% away)
- S2: ₹246.96 (5.2% away)
Trend Analysis
The stock is currently showing a Uptrend pattern based on moving average analysis and price action.
Performance Metrics:
- 1-Day Change: +0.37%
- 5-Day Change: +4.82%
The uptrend suggests bullish momentum, with buyers currently in control.
Trading Signals
Based on unified analysis combining technical indicators and AI predictions:
- Strong Sell Signal - 78% confidence
- Exit near ₹263.00
- Low volatility - Normal position sizing
These signals represent a consolidated view eliminating contradictions between different analysis methods.
Conclusion
In summary, Wipro shows a BEARISH outlook with 78% confidence based on unified technical and AI analysis. The analysis shows high confidence in downward pressure. Consider short positions or stay in cash
Key takeaways from unified analysis:
- Market Direction: BEARISH (high confidence)
- Risk Level: Moderate
- Primary Target: ₹259.08
- Stop Loss: ₹261.54
- Risk/Reward Ratio: 1:1.5
This analysis combines multiple indicators and AI predictions to provide a clear, non-conflicting view of the market. Always use proper risk management and never invest more than you can afford to lose.
Disclaimer: This analysis is automatically generated by Artificial Intelligence and should not be considered as investment advice. Always conduct your own research and consult with financial advisors before making investment decisions.