 "The momentum indicator RSI for the stock of Godrej Property has reversed from oversold territory | Photo: Shutterstock.com")
BUY WIPRO | TARGET: Rs 375 | STOP LOSS: Rs 345
The stock has provided a breakout from a 1-month consolidation pattern which looks like a rectangle formation on the daily chart. The MACD indicator has provided a fresh buy crossover and RSI has also reversed from the oversold territory. It is also trading well above its short-term and long-term moving averages. Based on the above rationale the stock may attempt to fill the gap which is placed at 375 levels.
BUY TORNTPOWER | TARGET: Rs 325 | STOP LOSS: Rs 302
The stock has formed a strong base and also looks like
