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As you would have read in my sector analysis here, IT sector is strong buy in both hourly and daily charts. So I looked for suitable IT stocks to buy. Wipro is one which gives good indications of buy in the charts.
Daily Chart Observations.
As you would have read in my sector analysis here, IT sector is strong buy in both hourly and daily charts. So I looked for suitable IT stocks to buy. Wipro is one which gives good indications of buy in the charts.
Daily Chart Observations.
1. MACD gave a bullish crossover in daily charts.
2. RSI crossed 50 from below.
3. SSTO is positive with a buy hook in the recent past.
4. Fast Stochastics is moving up, indicating further upmove.
5. Stock rose on higher volumes on Friday.
Buy only above 421-422, which is yesterday's high and also a previous high in daily charts.
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