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Fell Below 20 Day Moving Average appears for WIT after 16.89% move

Wipro Limited (WIT) — SwingTradeBot Technical Analysis Report · Jul 1, 2026, 17:37 ET
On Wednesday, July 1st, WIT moved down 16.89% while volume surged to 2.9× the usual levels. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — Fell Below 20 DMA, Fell Below 50 DMA, Wide Range Bar, Directional Movement Crossover Bearish, 180 Bearish Setup & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 1.74, 1.62 & 1.36, with resistance at 2.12, 2.38 & 2.5.

Current SwingTradeBot Technical Rating of WIT: C

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Wipro Limited (WIT)