F&O Radar | Deploy Bull Call Spread in Wipro as stock displays bullish momentum

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Wipro nears breakout as technicals and derivatives turn supportive.

Synopsis

Wipro is showing signs of a potential breakout as the stock approaches the Rs 255 level after a steady recovery and consolidation. Strengthening momentum, supportive RSI, and positioning above key EMAs indicate improving sentiment. Derivatives data also reinforces bullish prospects, with analysts suggesting a Bull Call Spread to capture further upside.

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