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Technical Report on Wipro by Shyam Advisory

January 17, 2022

Wipro Limited is a global information technology, consulting, and business process
services company headquartered in Bangalore, Karnataka. They use cognitive
computing, hyper-automation (using artificial intelligence (AI), machine learning
(ML)), robotics, cloud, analytics and emerging technologies to help their clients
adapt to the digital world. It caters to customers across six continents

WIPRO 1 - Shyam Advisory
Technical View: This stock is forming classical ascending triangle formation
which we can clearly see stock price is near to support line, RSI is in to oversold
zone and MACD indicating downtrend despite this Structure look positive and any
upward move may bring positive movement back in the stock.
Volume analysis: – 1 Day Delivery volume increased by 74.19% over 5 day average,
However; 1 Month: Delivery volume increase by 34.7%, Hence; We recommend
BUY signal for this share only above 639 level , Target 670, Target 684, Stop loss
can be kept 610.
Moving Averages: – Wipro Ltd. is trading higher than 200 day moving
averages but lower than 5 day, 20 day, 50 day and 100 day moving averages.
5 Day 699.19 50 Day 665.50 200 Day 594.93
20 Day 696.80 100 Day 662.53
Date:17-01-22
Shareholding pattern:-

WIPRO 2 - Shyam Advisory
Promoters holding 73.02%, The Promoter holdings have decreased by -0%.
However, the number of shares held by the Promoters has increased by 0.02%. No
change in Promoter pledged shares.
KEY RATIO:-
P/E Ratio
30.17
1-Yr Return
131.75
(Best) P/E Ratio
29.10
30 DA Vol (m)
0.67
(Best) PEG Ratio
2.48
EPS (Rs.)
20.85
Shares Outstanding (cr)
5,479.26
Best EPS Curr (Rs.)
21.90
Price/Book Ratio
5.84
Dividend
0.16
Price/Sales Ratio
5.38
Last Dividend
1.00