WIT Price Chart
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50 DMA150 DMA200 DMA
WITWipro Limited
$2.97
Financials
AVOID
Investment Thesis
WIT is a market laggard (RS 50/99, Top 50%) with moderate fundamentals. avoid chasing - protect capital. Smart traders skip this one until the setup improves.
Weak relative strength + ordinary growth = Pass
Key Takeaways
- Earnings moderate
- RS 50 - market laggard
- Wait & watch
Earnings Momentum
Earnings Growing
Price Structure
Partial AlignmentPrice
$2.97
✓→
50 DMA
$2.80
✓→
100 DMA
$2.76
→
150 DMA
$2.80
→
200 DMA
$2.82
Alignment Score: 2/4
LEADERSHIP TEST FAILED
RS Rating 50/99 is in Bottom 50% of market. Minervini target: Top 20% (RS 80+)
Why Not BUY Yet?
RS Rating
50 (Top 50%)→>80 (Top 20%)
EPS Growth
1%→>25% (Strong) or 40%+ (Elite)
Pattern Stage
AT_PIVOT→At pivot or near breakout
Breakout Status
-2.9% from entry ($3.06)→Breakout confirmation (hold above entry)
What Would Change Our Mind?
To turn bullish on WIT, we need:
- RS Rating: >80 (Top 20%)(currently 50 (Top 50%))
- EPS Growth: >25% (Strong) or 40%+ (Elite)(currently 1%)
- Pattern Stage: At pivot or near breakout(currently AT_PIVOT)
- Breakout Status: Breakout confirmation (hold above entry)(currently -2.9% from entry ($3.06))
- Breakout Recovery: Price recovers above $3.06(currently -2.9% below entry)
Twin Engines Dashboard
Technical Health
RS Rating
50/99
Top 50% (Need 80+)
Trend
Weak Uptrend
Above 200 DMA
RSI (14)
63
BULLISH
VCP Setup
COOL
Score: 5/9
Volume
5.5M
-20% vs avg
From Entry
-2.9%
$3.06
Fundamental Horsepower
EPS Qtr YoY
+1%
Growing
EPS 3Y CAGR
+4%
Annual Earnings
Revenue Qtr
+2%
WEAK
F-Score
7/9
Piotroski Quality
ROE
17%
Return on Equity
EPS Rank
54/99
Percentile
Trade Plan
StrugglingBreakout Date2025-12-1928 days ago
Entry Price$3.06-2.9% since
Trail Stop$3.06Breakeven or 21 EMA
Breakout Quality8/10🔥 Volume surge
If/Then Playbook
IF: RS Rating improves to >80
THEN: Re-evaluate for WATCHLIST
IF: Price closes below 200 DMA
THEN: Remove from radar entirely
IF: EPS growth accelerates to >40% next quarter
THEN: Reassess as potential turnaround
Key Price Levels
Resistance
- Pivot$3.09+4.0%
- 52W High$3.79+27.6%
Current$2.97
Support
- 20 DMA$2.92-1.8%
- 200 DMA$2.82-5.0%
- 50 DMA$2.80-5.8%
More WIT Analysis
Frequently Asked Questions
Is WIT stock a buy now?
WIT is a market laggard (RS 50/99, Top 50%) with moderate fundamentals. avoid chasing - protect capital. Smart traders skip this one until the setup improves.
What is the buy point for WIT?
WIT broke out at $3.06 but is flat/slightly down (-2.9%). Monitor for breakout confirmation before entry.
What is WIT's RS Rating?
WIT has an RS Rating of 50/99, meaning it's in the Top 50% of all stocks for relative price performance over the past 12 months. Minervini recommends RS 80+ for momentum trades.
Important Disclosure: This analysis is for educational and informational purposes only. Technical and fundamental indicators are based on historical data and do not guarantee future performance. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.