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Here's why Mehul Kothari recommends buying Dabur, Wipro

According to the technical analyst from Anand Rathi, Wipro can rally up to Rs 445, while Dabur can gain up to Rs 526.

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Mehul Kothari Mumbai
DABUR
BUY
Target: Rs 526
Stop Loss: Rs 490

At current juncture Dabur has formed bullish wolfe wave with sweet zone of Rs 500 approxiamately along with hourly RSI displaying an impulsive behaviour.

WIPRO
BUY
Target: Rs 445
Stop Loss: Rs 400

The stock has taken support near its crucial level of Rs 402 and then rebounded along with MACD on hourly frame indicating bullish crossover which hints towards possibility of an upside.

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

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First Published: Jun 21 2022 | 7:34 AM IST

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