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[hfe_template id='11223'] [ad_1] Wipro is a long-term play, but short-to-medium-term traders can also look to buy the stock for a target of Rs 330 in the next 3-4 weeks, suggested experts. Synopsis The largecap IT stock gained momentum last week after over four months of consolidation. After hitting a swing high of Rs 290 in July 2024, it found support above the 100-DMA in August and rebounded. Breaking past its July high in December, the stock hit a record Rs 310 on December 10, 2024, with the 21-DMA serving as key support, signalling potential for further gains. IT major Wipro Ltd rallied over 20% in the last 3 months to hit a fresh record high in December and the chart pattern suggests that the rally is likely to continue in 2025 as well.Wipro is a long-term play, but short-to-medium-term traders can also look to buy the stock for a target of Rs 330 in the next 3-4 weeks, suggested experts. The largecap IT stock picked up pace last week after consolidating for over 4 ...

[hfe_template id='11223'] [ad_1] Short-term traders can look to buy the stock for a target of Rs 630-640 in the next 1-2 months, suggested experts. Synopsis The IT stock reached a peak of ₹580 in July 2024 but lost momentum, gradually declining toward its 21-week moving average on the weekly charts. This average has served as a key support level for the stock since August 2024. The renewed momentum pushed the stock to a high of ₹596 on November 27, 2024. By surpassing its July 2024 swing high in November, Wipro's stock has created an opportunity to advance further, potentially retesting the ₹600 level and beyond. Wipro Ltd witnessed a breakout after consolidating for almost 4 months to hit a fresh 52-week high in November, which has opened room for the stock to head higher.Short-term traders can look to buy the stock for a target of Rs 630-640 in the next 1-2 months, suggested experts.The IT stock hit a high of Rs 580 in July 2024 but failed to hold the momentum and ...