Nooresh Mirani, AVP Technical of AMSEC Research told CNBC-TV18, "Wipro has broken out of a three year high’s around Rs 505-520. The stock moved up to Rs 600 and then it is on the re-test of the breakout. So closer to Rs 550-555 is a good entry point with a target price of Rs 650 or higher side in the medium-term. One can buy the stock at current levels, keeping a stoploss at Rs 538 on a closing basis."
"Godrej Industries is on a verge of a major breakout above Rs 308-310. As of now Rs 290-300 is a good entry point with a stop loss at Rs 285 and we could be looking at a medium-term target price of Rs 330-350," he said.
"Tata Chemicals gave a good volume based move after breaking out above Rs 275, went up to Rs 300 and is about to re-test its support zones at Rs 275, so it would be a good entry point on dips at current levels with a stoploss at Rs 265 and a target price of Rs 300-320 in the short-term."
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