30-10-2024 10:37 AM | Source: Religare Broking
Stock of the day : Wipro Ltd For Target Rs. 601 - Religare Broking

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Wipro Ltd

* Among the most resilient space, IT, Wipro is in line with a robust positive setup.

* Stock is under a channel where it has formed higher-highs and higher-lows formation.

* Also, stock is above its medium and long-term moving averages, keeping positive bias intact.

* Expect the trend to continue with further buying triggers that could lead stock to channel highs.

* Traders are recommended to keep up the positive tone and accumulate in the mentioned range for the mentioned target.

 

Buy Wipro Ltd CMP 562.2 Range 559-563 SL 541 Target 601

 

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