Stock Radar: Wipro takes support above 200-EMA; stock showing signs of bottoming out after 20% fall from highs

Wipro Ltd is showing signs of recovery after a 22% drop from its January 2025 high, finding support above its 200-week exponential moving average. Technical analysts suggest short-term traders consider buying on dips, targeting Rs 265 in the coming weeks. The stock has rebounded from a key Fibonacci retracement level, indicating a potential continuation of the uptrend.