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Diwali Technical Pick 2024 : Buy Wipro Ltd For Target Rs. 480 - Nirmal Bang Ltd
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Wipro Ltd
* Weekly chart suggests that stock has given the two years downward sloping Trend line breakout indicating potential up move in near term.
* Retracement also suggest that stock is taking a strong support of 38.2% i.e. 500 mark and on the verge of consolidation breakout.
* Positive RSI Crossover is seen on the weekly charts.
* Therefore, Investor can buy the stock at 547 and on dips to Rs 510 for a target of Rs 700 with a strict stop loss placed below Rs 480
Buy Wipro Ltd CMP 547 Add On 510 SL 700 Target 480
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