Friday, November 11, 2011

Wipro Ltd

                                                                       Wipro daily chart (click to zoom)

 Wipro on daily chart has broken out from CUP and HANDLE formation. Its 20 DMA has also crossed over 50 DMA and now it is above the latter, this confirms the uptrend.
Stock should kiss 400 level in short term.
One can use a stop loss at 370.
CMP as on today is 382.10