Wipro - Wilting Under Its Own Weight - 8/25/2016

58 0
Following the footsteps of big bellwether Infosys , Wipro is exhibiting the recent malaise prevalent in IT industry. Milking the clients just by offering cheap labor model has its limitation. In the age of machine learning, human clients are learning that instead of paying huge sum to Indian IT companies, they can themselves run their IT operations in India ! Better late than never for clients !
For current slow global growth environment, Indian IT companies profitability has plateau. When clients can only keep the profitability only by cost cutting, it is going to be very tough environment for big Indian IT companies to get juicy contracts. Their profitability is going to reduce a lot in coming days. Only thing can keep them buoyant is the incessant supply of cheap labor.
Technically speaking, we are looking for 400 - 440 for Wipro stock in coming days / weeks. Whether it comes to that support level is not sure but our advantage in trading Wipro is only within such parameters. From there we will trade it from long side, at least for short term and then will take it from there.
Other IT related trades in Infosys and TCS are working as prescribed !
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出