Here's why Mehul Kothari recommends buying Wipro, Cummins on dips

According to the technical analyst from Anand Rathi, Cummins India can rally to Rs 1,400 on the upside, while Wipro can target Rs 450.

Cummins India

BUY

Buy Near Rs 1,200

Target: Rs 1,400

Stop Loss: Rs 1,100

The stock of Cummins India has been a strong performer and recently confirmed a breakout above Rs 1,150 mark and that too at all-time high. The price action is supported by rising volumes which indicates the breakout is genuine.

The theoretical price target for the range breakout seems to be around Rs 1,500. Thus, we advise traders to buy the stock on dips near Rs 1,200 for an upside target of Rs 1,400 in the coming sessions.

Wipro

BUY

Buy Near Rs 410

Target: Rs 450

Stop Loss: Rs 390

The stock Wipro has been one of the