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Stock Trend Analysis Report

Prepared for you on Thursday, November 21, 2019.

Wipro Ltd (NYSE:WIT)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low WIT Price Change
3.740 3.745 3.645 3.650 -0.120
Entry Signal

MarketClub’s Trade Triangles for WIT

long term down The long term trend has been DOWN since Aug 2nd, 2019 at 4.03

intermediate term down The intermediate term trend has been DOWN since Nov 18th, 2019 at 3.84

short term down The short term trend has been DOWN since Nov 6th, 2019 at 3.91

Smart Scan Analysis for WIT

Based on a pre-defined weighted trend formula for chart analysis, WIT scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for WIT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.740 3.745 3.645 3.650 -0.120
Prev. Close Volume Bid Ask Time
3.800 2622313 2019-11-21 15:59:46
Year High5.99Year High Date2018-01-16
Year Low4.5Year Low Date2018-05-23
52wk High4.62552wk High Date2019-05-20
52wk Low3.5152wk Low Date2019-10-02
Year End Close8.76Average Volume1,334,104
Shares Outstanding6,199,093Short Interest5,429,758
% Institutional80.1Market Cap22,115M
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