Wipro's Q1 net rose 11% to ₹3,336 crore as margins expanded to 17.3%, despite a 2.3% drop in revenue. Analyst Rajneesh Sharma flagged ₹229 as key support and ₹274 as resistance. Deal wins surged to $2.7 billion, led by AI and digital projects. While macro pressures remain, bullish sentiment grows on margin strength, strong cash flow, and strategic focus on AI.