Stock Picks : Maruti Suzuki India Ltd and Wipro Ltd By ICICI Direct
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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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