Wipro has target of Rs 410-415: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Wipro has target of Rs 410-415.

Sukhani told CNBC-TV18, "I have been upbeat on Wipro, so I would say that at some point and not necessarily today when the decline stems, stops and we have some stability the trade is still to buy it. The chart suggests an eventual target of Rs 450. It is very difficult to suddenly become bearish on the stock. A very short-term target would easily be Rs 410-415."
At 10:29 hrs Wipro was quoting at Rs 396.60, down Rs 0.55, or 0.14%. It has touched an intraday high of Rs 402.00 and an intraday low of Rs 393.75.
The share touched its 52-week high Rs 452.50 and 52-week low Rs 335.10 on 17 February, 2012 and 26 October, 2012, respectively. Currently, it is trading 12.35% below its 52-week high and 18.35% above its 52-week low. Market capitalisation stands at Rs 97,664.93 crore.