Mehul Kothari suggests buying Wipro, Hindustan Petroleum; Here's why

Mehul Kothari of Anand Rathi recommends accumulating Wipro as it nears 560-570-mark

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Illustration: Binay Sinha

Mehul Kothari Mumbai

1 min read Last Updated : Mar 04 2022 | 8:47 AM IST

BUY WIPRO | TARGET: Rs 630 | STOP LOSS: Rs 530

Since last few weeks, the stock has been consolidating near 530-575-mark which is its potential reversal zone of bullish special gartley followed by positive divergence on 14 period daily RSI. The price action is supported with positive crossover in the daily MACD indicator. Thus, traders can buy the stock near 560-570-mark with a stop loss of Rs 530 for an upside target of Rs 630 in 3-5 weeks.

BUY HINDPETRO | TARGET: Rs 317 | STOP LOSS: Rs 260

Hind petro has formed back to back bullish

Topics : Buzzing stocks stock market bets Wipro Hindustan Petroleum Corporation Trading strategies Market trends Stock calls Market technicals

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