Here’s why Mehul Kothari recommends buying Dabur, Wipro

Web Exclusive

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

Topics
Buzzing stocks | Market trends | Dabur India

Mehul Kothari  |  Mumbai  Last Updated at June 21, 2022 07:34 IST

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).

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, June 21 2022. 07:34 IST

Leave a Reply

Your email address will not be published.