Chart check: Should you stay invested in TCS, Wipro at the current levels?

The medium-term outlook for TCS and Wipro looks extremely bullish. Here are the key levels you need to keep a tab on

Shares of Tata Consultancy and Wipro gained ground on Thursday. While TCS hit a fresh high on better-than-expected financial performance for the July - September 2020 quarter (Q2FY21) and the proposed buyback of shares amount to Rs 16,000 crore at Rs 3,000 apiece, Wipro surged 5 per cent at Rs 353, hitting a fresh over 20-year high on the BSE after the company said the board will consider a buyback proposal on Tuesday, October 13.

"We are increasing the target multiple for a fourth time in five months, now to 40x (from 30x) as we strongly believe