IT servicesHistorical case study · data as of 03 Jul 2026 · published 07 Oct 2026 (96 days later)
Wipro — 100-point case study
How Wipro looked on 50 technical and 50 fundamental measures on 03 Jul 2026 — and what happened over the next three months. Education only; not a current view.
Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance
Data note: Screener was unavailable, so Wipro's fundamentals were taken from its own consolidated results and shareholding filings and regrouped to match our layout. Wipro bought back 600 million shares at ₹250 in June 2026 (about 5.7% of shares), which affects per-share comparisons.
Technical analysis — 50 points
Calculated by code from daily prices up to 03 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Trend
#
Point
Reading
Tag
Commentary
1
Short-term trend (20 days)
slope -0.42%/day
Bearish
Over the last 20 sessions the regression line of closing prices was falling about 0.42% a day — a short-term downtrend.
Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2
Medium-term trend (~5 months)
3M return -6.2%
Bearish
The 100-session trend line was down (-0.17%/day) and the stock was -6.2% over three months, so the medium-term picture was bearish.
Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3
Long-term trend (1 year)
1Y return -34.1%
Bearish
Compared with a year earlier the price was -34.1%. A weak year for the stock.
Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4
Weekly chart trend
10W 190.63 / 30W 213.53
Bearish
On the weekly chart the stock showed a weekly close below the 10-week average, which sat below the 30-week.
Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5
Swing structure (highs/lows)
last highs 211.00→185.25; lows 187.00→175.83
Bearish
The two most recent swing points showed lower swing highs and lower swing lows — classic downtrend structure.
Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6
ADX (14) — trend strength
31.7
Bearish
ADX at 31.7 shows a strong trend in force. ADX measures strength only, not direction.
Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7
+DI vs –DI
+DI 21.8 / –DI 36.6
Bearish
–DI was above +DI: sellers had the upper hand in directional movement.
Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.
B. Moving averages
#
Point
Reading
Tag
Commentary
8
Price vs 20-day SMA
179.03 (-1.6%)
Bearish
Close of 176.08 was 1.6% below the 20-day SMA — the short-term trend filter was negative.
Bullish close above the average · Bearish close below the average · No neutral zone.
9
Price vs 50-day SMA
191.41 (-8.0%)
Bearish
Close of 176.08 was 8.0% below the 50-day SMA — the medium-term trend filter was negative.
Bullish close above the average · Bearish close below the average · No neutral zone.
10
Price vs 200-day SMA
224.19 (-21.5%)
Bearish
Close of 176.08 was 21.5% below the 200-day SMA — the long-term trend filter was negative.
Bullish close above the average · Bearish close below the average · No neutral zone.
11
9 / 21 EMA crossover
9E 175.33 / 21E 180.49
Bearish
The 9-day EMA was below the 21-day EMA; the last crossover happened on 08 Jun 2026.
The 50-day average was 14.6% below the 200-day. No 50/200 crossover occurred in the data window.
Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13
50-day SMA slope
-3.8% in 20 sessions
Bearish
The 50-day average fell 3.8% over the past month — declining.
Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14
MA ribbon alignment
179 / 191 / 198 / 224
Bearish
The 20/50/100/200-day averages were perfectly stacked bearish (20 < 50 < 100 < 200).
Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15
Monthly anchored VWAP
172.96 (+1.8%)
Bullish
Anchored to the start of July, the volume-weighted average price was 172.96; the close was above it — buyers that month were on average in profit.
Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.
C. Momentum
#
Point
Reading
Tag
Commentary
16
RSI (14)
39.7
Bearish
RSI at 39.7 reflected soft, below-average momentum.
Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17
RSI divergence (last 40 days)
none
Neutral
Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price.
Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18
MACD line vs signal
MACD -5.74 / signal -5.67
Bearish
MACD was below its signal line — momentum turning or staying negative.
Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19
MACD histogram (5-day change)
-0.74 → -0.08
Bullish
The histogram rose over the last five sessions, meaning momentum was improving.
Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.
D. Volatility
#
Point
Reading
Tag
Commentary
25
Bollinger Band position (%B)
%B 0.38 (bands 166.74–191.32)
Neutral
%B of 0.38 — inside the bands, lower half.
How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26
Bollinger width / squeeze
width 13.7% (51st pct of 6M)
Neutral
Band width was at the 51st percentile of the last six months, a normal level.
How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27
ATR (14)
₹4.65 (2.6% of price)
Neutral
A typical day's range was about ₹4.65, or 2.6% of the price — useful for judging how much 'normal noise' to expect.
How to read: Information only. A higher % means bigger normal daily swings.
28
Historical volatility (30-day)
35.0% vs 1Y 25.7%
Caution
Annualised 30-day volatility was 35.0%, well above the one-year level of 25.7%.
How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29
Keltner Channel (20, 2×ATR)
171.04–189.13
Neutral
The close was inside the channel, so no volatility breakout.
Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30
Beta vs Nifty 50 (1Y daily)
0.75
Neutral
A beta of 0.75 means the stock tended to move less than the Nifty 50 day to day.
How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.
E. Volume & money flow
#
Point
Reading
Tag
Commentary
31
Volume vs 20-day average
last day 1.05× / 5-day 1.13×
Neutral
The final session traded 1.05× its 20-day average volume and the last five sessions averaged 1.13× — normal participation.
How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32
Up-day vs down-day volume (20d)
ratio 0.68
Bearish
Average volume on up days was 0.68× that on down days — distribution-leaning.
Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33
On-Balance Volume (20d)
OBV falling
Bearish
OBV fell over the month while price fell — volume confirmed the price move.
About ₹502 crore changed hands per day on average over 20 sessions — highly liquid.
How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.
F. Price levels
#
Point
Reading
Tag
Commentary
38
Support levels (S1/S2/S3)
175.83 / 169.00
Neutral
Nearest support (prior swing lows) sat at 175.83, 0.1% below the close, then 169.00.
How to read: Information only. Levels to watch, not good or bad.
39
Resistance levels (R1/R2/R3)
185.25 / 208.92 / 233.00
Neutral
Nearest resistance (prior swing highs) sat at 185.25, 5.2% above the close, then 208.92, 233.00.
How to read: Information only.
40
Monthly pivot points (for next month)
P 174.41 | R1 179.81 | S1 170.67
Neutral
Classic pivots from July's high/low/close gave a pivot of 174.41; the close was above it.
How to read: Information only.
41
Fibonacci retracement (6M swing)
23.6% 193 | 38.2% 209 | 50.0% 221 | 61.8% 233
Neutral
Measuring the 6-month fall from 272.50 to 169.00, the close was nearest the 23.6% retracement at 193.43.
How to read: Information only.
42
52-week high / low
H 273.10 / L 169.00
Bearish
The close was 35.5% below the 52-week high and 4.2% above the 52-week low.
Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43
Unfilled price gaps (6M)
5 open; latest gap-down 23 Jun at 180.00
Neutral
There were 5 unfilled gap(s). The latest, a gap-down on 23 Jun 2026, left an open level at 180.00 that price had not revisited.
How to read: Information only.
G. Patterns
#
Point
Reading
Tag
Commentary
44
Price structure / chart pattern
falling channel
Bearish
Rule-based pattern scan: falling channel — successive lower highs and lows. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.)
Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45
Breakout / breakdown (20-day)
range 169.00–205.09
Neutral
The close was inside the prior 20-day range of 169.00–205.09.
Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46
Latest candlestick
Doji
Neutral
On 03 Jul the candle opened 176.20, ranged 174.59–178.14 and closed 176.08: Doji — indecision. Single candles are weak signals on their own.
Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47
Ichimoku Cloud
cloud 198.28–199.74; Tenkan 175.70 / Kijun 190.00
Bearish
Price was below the cloud and the Tenkan line was below the Kijun line — a bearish Ichimoku setup.
Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.
H. Relative strength & summary
#
Point
Reading
Tag
Commentary
48
Relative strength vs Nifty 50
1M -17.4% / 3M -14.8%
Bearish
The stock underperformed the Nifty 50 by 14.8 points over three months and underperformed by 17.4 points over one month.
Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49
Relative strength vs Nifty IT
3M -0.6%
Neutral
Against its sector index (Nifty IT) the stock was 0.6 points behind over three months.
Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50
Technical summary
3 bullish · 26 bearish · 19 neutral · 1 caution
Bearish
Across the 49 readings the technical picture leaned negative. Levels that mattered: support 175.83, resistance 185.25. This is a description of the chart on 03 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
Fundamental analysis — 50 points
Uses only results published by 03 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 03 Jul 2026 close.
How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →
A. Valuation
#
Point
Reading
Tag
Commentary
1
P/E (trailing 12 months)
13.1×
Neutral
At ₹176.08 the market valued the company at about ₹1,73,316 crore, or 13.1× the ₹13,265 crore profit of the four quarters to Mar 2026. That is a low multiple in absolute terms.
How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2
Price / Book
1.97×
Neutral
Market cap was 1.97× the Mar 2026 book value (equity + reserves) of ₹88,019 crore.
How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3
Price / Sales
1.87×
Neutral
The company was valued at 1.87× its trailing-12-month sales of ₹92,624 crore.
How to read: Information only.
4
EV / EBITDA (approx.)
10.9×
Neutral
Enterprise value (market cap + ₹20,291 cr borrowings; cash not netted) was 10.9× trailing operating profit of ₹17,810 crore.
How to read: Information only. Lower means cheaper relative to operating profit.
5
Earnings yield
7.7%
Neutral
The inverse of P/E: each ₹100 invested bought about ₹7.7 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds.
How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6
PEG (P/E ÷ 3-yr profit CAGR)
2.47
Bearish
P/E of 13.1 divided by 3-year profit growth of 5.3% a year gives a PEG of 2.47. Below 1 is often read as growth being cheaply priced; above 2 as expensive.
Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7
Dividend yield (trailing 12M)
6.25%
Bullish
Dividends with ex-dates in the 12 months to the snapshot totalled ₹11 a share, a 6.25% yield on the ₹176.08 price.
Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8
Market capitalisation
₹1,73,316 cr
Neutral
At about ₹1.73 lakh crore the company was a large-cap.
How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9
Graham number vs price
₹164.67 vs ₹176.08
Neutral
Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹164.67; the price was 7% above it. Quality franchises usually trade above this number.
Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).
B. Growth
#
Point
Reading
Tag
Commentary
10
Revenue growth FY26 (YoY)
+4.0%
Neutral
Revenue for FY26 was ₹92,624 crore, +4.0% versus FY25.
Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49
Automated screen flags
0 strength(s) · 0 weakness(es)
Neutral
No strengths flagged. No weaknesses flagged. (Flags generated by the data source’s rule screen.)
How to read: Information only.
50
Fundamental summary
7 bullish · 3 bearish · 39 neutral · 0 caution
Bullish
On the numbers published by 03 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 13.1×, P/B 1.97×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell.
Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.
News in the three months before the snapshot
Company news from 03 Apr 2026 – 03 Jul 2026 that an investor could have known on the snapshot date.
06 Apr 2026Wipro agrees to acquire Olam's IT unit Mindsprint for $375 million — Wipro signed a definitive agreement to acquire 100% of Singapore-based Mindsprint, Olam Group's IT services arm (3,200+ employees), for $375 million, alongside an 8-year engagement with Olam valued at over $1 billion. Closing was expected by 30 June 2026, subject to approvals. source
09 Apr 2026Wipro board to consider share buyback at April 15-16 meeting — Wipro said its board would evaluate a proposal to buy back equity shares at its 15-16 April 2026 meeting, where Q4 FY26 results were also due. source
15 Apr 2026Wipro to acquire select customer contracts of Alpha Net Consulting for up to $70.8 million — Wipro agreed to acquire select customer contracts and related workforce of US-based Alpha Net Consulting for up to $70.8 million including earnouts; the contracts generated $37.3 million revenue in 2025. source
16 Apr 2026Wipro reports Q4 FY26 results, guides -2% to 0% for Q1 and approves Rs 15,000 crore buyback — Wipro reported Q4 FY26 IT services revenue of $2,651 million (up 0.6% QoQ), operating margin of 17.3%, and guided Q1 FY27 constant-currency growth of -2% to 0%. The board approved a buyback of up to 600 million shares at Rs 250 each via tender offer. source
23 May 2026Wipro sets June 5 record date for Rs 15,000 crore buyback — After shareholder approval on 21 May 2026, Wipro fixed 5 June 2026 as the record date for its tender-offer buyback of up to 600 million shares at Rs 250 per share. source
08 Jun 2026Wipro shares fall over 7%, top loser in BSE 'A' group — Wipro shares fell 7.46% intraday to Rs 183.55 on 8 June 2026, the first trading session after the buyback record date, making it the biggest loser in BSE's 'A' group that day. source
24 Jun 2026Wipro extends Alpha Net contract acquisition deadline to September 30 — Wipro moved the expected completion of its Alpha Net customer-contract acquisition from 30 June to on or before 30 September 2026, and announced an expanded partnership with Palo Alto Networks. source
What happened next (03 Jul 2026 → 06 Oct 2026)
Price went from ₹176.08 to ₹161.84 by 06 Oct 2026 (-8.1%) while the Nifty 50 moved -6.2% — underperforming by 1.9 points.
Highest ₹191.34 on 30 Jul 2026; lowest ₹156.79 on 29 Sep 2026.
S1 175.83: broken on a closing basis on 06 Jul 2026.
S2 169.00: broken on a closing basis on 09 Sep 2026.
R1 185.25: cleared on a closing basis on 30 Jul 2026.
R2 208.92: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 16 Jul 2026): revenue ₹24,479 crore (+10.6% YoY), net profit ₹3,356 crore (+0.6% YoY), operating margin 19% vs 19% a year earlier (Screener consolidated figures).
Later news
16 Jul 2026Wipro Q1 FY27: net profit Rs 3,352 crore, margin at 16% — Wipro reported Q1 FY27 consolidated revenue of Rs 24,479 crore (up 10.6% YoY) and net profit of Rs 3,352 crore (up 0.6% YoY, down 4.3% QoQ). IT services revenue was $2.61 billion and operating margin fell 130 bps QoQ to 16%. Q2 guidance: -1.5% to +0.5% constant-currency sequential growth. source
16 Jul 2026Wipro declares Rs 2 interim dividend — Wipro's board declared an interim dividend of Rs 2 per share with a record date of 27 July 2026, payable on or before 14 August 2026. source
20 Jul 2026Wipro confirms completion of 600 million-share buyback — In a filing, Wipro confirmed it bought back 600 million shares at Rs 250 each (about Rs 15,050 crore including costs); settlement was on 24 June and shares were extinguished on 25 June 2026. source
30 Sep 2026Wipro extends Alpha Net contracts acquisition deadline again, to December 31 — Wipro pushed back completion of the Alpha Net customer-contract acquisition a second time, from 30 September to 31 December 2026. source
Educational summary. On 03 Jul 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved -8.1% against -6.2% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Wipro today.
Method designed by Pawan Kumar Sharma, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.
Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 07 Oct 2026); index — Nifty 50, Nifty IT via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction
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