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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 ...

[hfe_template id='11223'] [ad_1] Short-to-medium-term investors can look to buy the stock now for a target of Rs 650 in the next 2-3 months, suggested experts. Synopsis The IT stock climbed from Rs 381 on November 13, 2023, to Rs 570 on November 12, 2024, marking a 49.6% gain over the year. Riding this momentum, Wipro reached a 52-week high of Rs 583 on November 11, 2024. After testing the 100-DMA in August, the stock rebounded steadily, trading within an Ascending Channel pattern. IT major Wipro has been trading in an Ascending Channel line since August 2024 and the momentum helped the stock hit a fresh 52-week high in November, which suggests that bulls are here to stay.Short-to-medium-term investors can look to buy the stock now for a target of Rs 650 in the next 2-3 months, suggested experts.The IT stock rose from Rs 381 recorded on November 13, 2023, to Rs 570 on November 12, 2024, which translates into an upside of BY ETMarkets.com Nov 14, 2024, 10:01:00 AM IST Gif...