Wipro Share Price: Is the Downtrend Finally Over?
Technical analysis of Wipro suggests that it may be forming a bottoming pattern.
Here’s an extract…
Indian IT stocks, especially large-caps, have faced challenges in the last few quarters.
Wipro, one of top IT companies in India, has not been an exception to this trend, experiencing a significant correction of over 50% in the 18-month period from October 2021 to April 2023.
However, recent price action and technical indicators suggest a potential reversal.
