One can buy the scrip around Rs 325 with the stop loss of Rs 309 for the target of Rs 355, says Shabbir Kayyumi of Narnolia Financial Advisors.
Wipro has been moving in a strong bull trend since long. It has given trend line breakout on daily chart which suggests a strong momentum on up side. Currently, it is moving above all its important moving averages.
Sustainability of RSI above 60 is also favorable for the scrip. One can buy the scrip around Rs 325 with the stop loss of Rs 309 for the target of Rs 355.
The author is Head - Technical & Derivative Research at Narnolia Financial Advisors Ltd.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.