Adani Enterp. 2633.70↑307.60(13.22%)
Adani Ports 734.05↑4.35(0.60%)
Apollo Hospitals 4550.40↓-54.90(-1.19%)
Asian Paints 3120.60↑35.70(1.16%)
Axis Bank 916.15↓-1.40(-0.15%)
B P C L 366.60↑5.00(1.38%)
Bajaj Auto 4498.10↓-25.15(-0.56%)
Bajaj Finance 6780.55↓-12.50(-0.18%)
Bajaj Finserv 1437.25↑24.25(1.72%)
Bharti Airtel 799.95↓-1.90(-0.24%)
Britannia Inds. 4521.65↑22.70(0.50%)
Cipla 930.40↑5.45(0.59%)
Coal India 239.30↑0.60(0.25%)
Divi's Lab. 3385.80↑120.80(3.70%)
Dr Reddy's Labs 4460.55↑2.90(0.07%)
Eicher Motors 3601.60↑56.15(1.58%)
Grasim Inds 1697.95↓-20.40(-1.19%)
H D F C 2705.85↑1.10(0.04%)
HCL Technologies 1107.35↓-12.50(-1.12%)
HDFC Bank 1637.20↓-3.85(-0.23%)
HDFC Life Insur. 562.70↓-4.30(-0.76%)
Hero Motocorp 2710.45↑18.30(0.68%)
Hind. Unilever 2628.30↓-9.80(-0.37%)
Hindalco Inds. 410.30↑2.60(0.64%)
ICICI Bank 953.40↑3.05(0.32%)
IndusInd Bank 1260.20↑14.05(1.13%)
Infosys 1300.05↑7.25(0.56%)
ITC 429.15↑4.40(1.04%)
JSW Steel 704.10↓-0.50(-0.07%)
Kotak Mah. Bank 1921.50↓-18.70(-0.96%)
Larsen & Toubro 2197.65↓-18.95(-0.85%)
M & M 1268.55↑3.00(0.24%)
Maruti Suzuki 9200.70↑44.05(0.48%)
Nestle India 21403.70↓-91.10(-0.42%)
NTPC 174.15↑0.05(0.03%)
O N G C 165.00↓-0.60(-0.36%)
Power Grid Corpn 234.10↓-0.25(-0.11%)
Reliance Industr 2454.55↓-0.45(-0.02%)
SBI Life Insuran 1165.60↑14.80(1.29%)
St Bk of India 581.60↑4.45(0.77%)
Sun Pharma.Inds. 931.60↓-5.85(-0.62%)
Tata Consumer 770.05↑3.95(0.52%)
Tata Motors 528.50↑6.00(1.15%)
Tata Steel 105.60↑0.60(0.57%)
TCS 3297.05↓-1.65(-0.05%)
Tech Mahindra 1090.50↓-13.95(-1.26%)
Titan Company 2683.45↓-29.10(-1.07%)
UltraTech Cem. 7654.25↓-61.40(-0.80%)
UPL 680.65↑10.25(1.53%)
Wipro 397.65↑1.90(0.48%)

Trading strategies in Persistent Systems, Wipro: Mehul Kothari

According to the technical analyst from Anand Rathi, Persistent Systems can advance to Rs 5,250; while Wipro may see faster momentum above Rs 414.

Mehul Kothari Mumbai

Buy, Sell, markets, stocks, shares, investments, mutual funds, investors

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1 min read Last Updated : Feb 17 2023 | 8:09 AM IST

BUY

Persistent Systems

Buy Near: Rs 4,900

Target: Rs 5,250

Stop Loss: RS 4,700

The stock has been one of the strongest outperformer from the software space. In today's session; the stock confirmed a fresh breakout and that too at all-time high. This indicates continuation of uptrend.

Thus, we advise traders to go long in the stock near Rs 4,900 with a stop loss of Rs 4,700.

BUY

Wipro

Buy Above: Rs 414

Target: Rs 444

Stop Loss: Rs 399

Recently; many of the IT stocks like TECHM, MPHASIS and many others witnessed decent buying traction. However, WIPRO maintained its consolidation within the range of Rs 414 – Rs 400.

At this point in time, the stock is on the verge of a breakout from this range. We expect faster momentum above Rs 414.

Thus, we advise traders to go long in the stock near Rs 108 with a stop loss of Rs 102.

(Mehul Kothari - AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).