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Wipro Limited (WIT) Enters Overbought Territory - Tale of the Tape

Wipro Limited ( WIT ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because WIT is now in overbought territory with an RSI value of 72.22. Furthermore, estimates for the Wipro Limited have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

WIPRO LTD-ADR (WIT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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