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
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