Technical Outlook & Trading Strategy:-
The share price of Wipro has registered a break-out above its cluster of moving averages.
The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.
We expect the stock price to test levels of Rs 362/ Rs 374 shortly. We recommend a buy at current level and again on pullback to the levels of Rs 341-Rs 344 with a stop loss placed below the level of Rs 334.80.
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