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."
Set email alert for
ADS BY GOOGLE
video of the day
Nifty to fall below 7500 if Q3 disappoints; GST key: Kumar