{"id":226188,"date":"2012-11-02T10:10:49","date_gmt":"2012-11-02T04:40:49","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=226188"},"modified":"2012-11-02T10:10:49","modified_gmt":"2012-11-02T04:40:49","slug":"analysis-wipro","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/02\/analysis-wipro\/","title":{"rendered":"Analysis: WIPRO"},"content":{"rendered":"

Today\u2019s pick is [stockquote]WIPRO[\/stockquote]. The last year saw the stock trading in a 330 to 450 range and the stock just tested the support levels around 52 week lows. In the past 50 days the stock made return of 3.8% as against 6.2% made by Nifty<\/a>. <\/p>\n

The stock has been in a down-trend since April this year, with a support near the 335 levels and resistance around 450. <\/p>\n

\"image\"<\/a> <\/p>\n

Oscillators RSI<\/a> and CMO<\/a> are at currently at 54 and 6 and are hovering in the no man\u2019s land. <\/p>\n

MACD<\/a> line just crossed the signal line and is on a rise; the histogram<\/a> levels are rising as well suggesting short-term up-trend. <\/p>\n

The GMMA<\/a> chart is not suggesting any directional move as of now. The short-term lines are constricting and long-term lines are spreading. When the lines fan out, we will be able to take a stand on the direction. \"image\"<\/a> <\/p>\n

WIPRO\u2019s average correlation<\/a> of 0.56 with the Nifty<\/a> is positive and strong. The stock will not replicate the movements of Nifty closely. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

\"image\"<\/a> <\/p>\n

WIPRO has a historical volatility<\/a> in the range of 0.3 to 0.7. The scrip\u2019s volatility is currently in the middle range and hence should not be a concern to the traders. <\/p>\n

Looking at these technicals a short-term buy<\/b> is suggested. For the long-term outlook of the scrip we will have to wait for GMMA lines to give some direction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s pick is [stockquote]WIPRO[\/stockquote]. The last year saw the stock trading in a 330 to 450 range and the stock just tested the support levels around 52 week lows. In the past 50 days the stock made return of 3.8% as against 6.2% made by Nifty. The stock has been in a down-trend since April … <\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[982,815,267],"class_list":["post-226188","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-niftybees","tag-technical-analysis","tag-wipro","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/226188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=226188"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/226188\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=226188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=226188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=226188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}