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Buy Wipro, says Sudarshan Sukhani

According to Sudarshan Sukhani of s2analytics.com one may buy Wipro as the stock has been consolidating after big declines and was breaking out of that consolidation.

July 15, 2013 / 09:55 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have taken Wipro many times for a long trade. It was consolidating after those big declines and was breaking out of a consolidation. A base building exercise is always good, it is fairly bullish."

"Wipro continues to see gains. On Friday, it saw handsome gains whether because of Infosys or independently. Therefore, today because of the base that it had created earlier, these gains should be built upon. However, due to strong momentum, a strong base that has broken out suggests that this is a bull market and not just a normal uptrend, which suggests that Wipro should be a buying opportunity today," Sukhani said. Also Read: Wipro Rated as Global Leader in High Performer's Circle
first published: Jul 15, 2013 09:45 am

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