Wipro Ltd. CMP – 400.20
Market Capitalization Rs 2,08,995.4Cr
Red Flags:
Declining annual net profit
Green Flags:
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving cash from operations annual
Promoter holding increasing
Previous Happy Candles Number – 71/100
New Happy Candles Number – 56/100
Fresh Entry/ averaging / compounding after closing above 404.5
Targets: 416 and 424
Long term target: 436 and 444
Stop loss: Closing below 375
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