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01-01-1970 12:00 AM | Source: ICICI Direct Ltd
Stock Picks : Maruti Suzuki India Ltd and Wipro Ltd By ICICI Direct
News By Tags | #3961 #6345 #3050 #308

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Maruti (MARUTI)

Buy Maruti Suzuki India Ltd CMP 8845.35; Initiation Range 8846-8852; Target 8918.00; Stop Loss 8804.00

Rationale Price breaking above a triangular consolidation of the last three weeks with a higher base at 20 day EMA signaling positive bias

Daily candlestick chart

 

Wipro (WIPRO)–

Buy Wipro Ltd CMP 407.40; Initiation Range 407.00-407.80; Target 413.60; Stop Loss 403.80

Rationale Buying demand emerging at the rising demand line joining last two months lows and 50 day EMA signaling continuation of up move

Daily candlestick chart

 

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