Jun 10, 2013, 08.04 PM IST
Sudarshan Sukhani of s2analytics.com said he would be a buyer in Wipro. He expects big upmove in the stock.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Wipro is giving a sense that it is making a double bottom. It has been an underperformer among the four top IT stocks, but that is cyclical. Sometimes one stock becomes laidback while the others take the lead. I do not think Wipro is going to stay in the background for much more."
He further added, "The fact that it tested its lows, it is bouncing, on Friday also it showed good strength on the upside when the broader market was down. It suggests that some kind of base is being built or is already intact and is ready for a breakout. I would be a buyer in Wipro, not just today, but also willing to enter it again and again. There is a big up move coming."
Action in Wipro
Video of the day
Dec 6 2013, 15:02
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.