WIT Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Not a good buy right now for an impatient investor. The setup is still decisively bearish (stacked bearish moving averages and negative MACD), there are no Intellectia buy signals today, and fundamentals/Street tone have weakened. While the stock is very oversold and sitting right on support (which can trigger a short bounce), that’s a tactical bounce setup—not a high-conviction buy.
Intellectia Proprietary Trading Signals
Trend remains down: SMA_200 > SMA_20 > SMA_5 confirms a persistent bearish structure. MACD histogram (-0.0322) is below zero, signaling negative momentum, though it is contracting (selling pressure may be easing).
Price is pressing key support: current 2.52 is essentially at S1 (2.516). A clean break below S1 increases risk of a move toward S2 (2.438). For any rebound attempt, the stock needs to reclaim the pivot (2.642) first; then resistance is at 2.768.
RSI_6 at ~21.6 indicates deeply oversold conditions, which can produce a quick reflex bounce, but oversold alone is not a durable buy signal when the broader trend is still down.
Pattern-based odds provided: modest upside bias next week (+3.43%) but negative next month (-1.24%), consistent with “bounce risk” inside a bigger downtrend.
near first support (2.
can trigger a short-term mean-reversion bounce. Options positioning leans bullish (low put/call ratios) and IV is low (cheap optionality). Hedge fund and insider activity are neutral (no added selling pressure from these groups in the provided data).
with MACD still negative; failure at support (2.
opens downside toward 2.
Analyst downgrade: Morgan Stanley moved to Underweight with a reduced target, citing weaker deal conversion and growth visibility vs peers. Fundamentals show earnings pressure (net income, EPS, and gross margin down YoY), which typically caps upside and can keep the stock in a low-multiple/downtrend regime. News provided is not company-specific and offers no clear catalyst for Wipro.
Latest quarter: 2026/Q3.
Summary: top line is stagnant while profitability is deteriorating—negative for near-term momentum and supports the bearish technical trend.
Recent Street change: On 2026-01-19 Morgan Stanley downgraded Wipro to Underweight (from Equal Weight) and cut the price target to INR 242 from INR 270, citing slower deal-to-revenue conversion and weaker growth visibility into FY27 vs peers.
Wall Street pros/cons view based on provided data: Pros: potential valuation discount to peers (implied by the note) could attract bargain buyers if execution improves. Cons: weakening growth visibility and execution concerns plus declining profitability; downgrade pressure can suppress near-term demand.
Influential/politician activity: No recent congress trading data available; no politician/influential buying/selling provided.
