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 CircleDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!